The Consensus Is That the Great Depression Was Ended By

question 252

Multiple Choice

The consensus is that the Great Depression was ended by:

• A) imposing fiscal discipline and reducing budget deficits.
• B) following Keynes's analysis regarding the "animal spirits."
• C) increasing the money supply and lowering the interest rate.
• D) applying expansionary fiscal policy on a large scale.

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Definitions:

Tolerance

Habituation to a drug, with the result that increasingly higher doses of the drug are needed to achieve similar effects.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, which can lead to serious physical and psychological effects and dependency.

Somnambulism

also known as sleepwalking, is a sleep disorder causing people to get up and walk around during deep sleep.

Sleep Disorders

A range of conditions that affect the ability to sleep well on a regular basis, impacting one's physical health, emotional well-being, and safety.