Which of the Following Statements Is True About the Great

question 105

Multiple Choice

Which of the following statements is true about the Great Depression?

• A) The fall in aggregate demand at the start of the Great Depression began with the collapse consumption because of the decrease in incomes, following the stock market crash of 1929.
• B) The fall in the short-run aggregate supply at the start of the Great Depression began with the collapse in investment.
• C) The fall in aggregate demand at the start of the Great Depression began with the collapse in investment.
• D) The fall in the short-run aggregate supply at the start of the Great Depression began with the collapse in exports because of the passage of Smoot-Hawley Tariff Act of 1930 which raised tariffs on imported goods.

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Definitions:

Middlemen

Intermediaries in the distribution process that facilitate trade between producers and consumers by buying and selling products, often adding value in the process.

Arranging Trades

The process of facilitating exchange of goods, services, or financial instruments between parties.

Transactions

The act of conducting business or commercial dealings, involving the exchange of goods, services, or funds.

Middleman

An intermediary who facilitates transactions between buyers and sellers, potentially adding value in the distribution channel.