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:

Woodcut

A printmaking technique that involves carving an image on a wooden block, applying ink to the raised surfaces, and then printing it onto paper, known for its bold lines and clear contrasts.

Etching

A kind of engraving in which the design is incised in a layer of wax or varnish on a metal plate. The parts of the plate left exposed are then etched (slightly eaten away) by the acid in which the plate is immersed after incising. See also drypoint, intaglio.

Engraving

The process of incising a design in hard material, often a metal plate (usually copper); also, the print or impression made from such a plate.

Vanishing Point

A point in the perspective drawing at which parallel lines receding from an observer seem to converge and at which they would meet if extended.