Which of the Following Was One of the Contributing Causes

question 65

Multiple Choice

Which of the following was one of the contributing causes of the stock market crash of October 1929?

• A) For years, Americans were far too cautious in their spending and investments.
• B) The gap decreased between production levels and the ability of the public to consume.
• C) Decline of labor unions removed a check on rapid business growth.
• D) Competition from foreign companies drove businesses under and lost many people their jobs.
• E) The agricultural industry was by far the most stable, while other industries had stagnated.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Average Deviation

A statistical measure indicating the average distance of all data points from their mean, highlighting the spread or variability within a dataset.

Macroeconomic Environments

The overall condition and economic factors at a large scale affecting an economy, including inflation, growth, employment, and policies.

Expected Expense

Expected expense is a forecasted cost anticipated to be incurred in the execution of a plan or operation.