Which of the Following Best Summarizes the Main Causes of the Great

question 101

Multiple Choice

Which of the following best summarizes the main causes of the Great Depression?

• A) Oil-producing countries deliberately raised the price of petroleum,leading to inflation and a deep recession.
• B) The Federal Reserve raised short-term interest rates very high in an effort to decrease inflation,which also drove the economy into a recession.
• C) The end of overseas war efforts led to a deep decrease in federal spending,which reduced employment and caused a recession.
• D) A stock market crash led to a decrease in expected income and tight monetary policy.Higher tax rates and a banking crisis then drove the economy into a depression.
• E) The stock market collapsed following the end of a bubble in technology stock prices,which caused a decrease in investment spending and a recession.

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Definitions:

Secondary Circular Reaction

A developmental phase in infants, part of Piaget's theory, where they repeat actions affecting their environment, leading to the discovery of new experiences.

Mental Representation

The mind's ability to hold internal images or concepts of external objects, events, and relationships.

Cognitive Development

The process by which individuals learn and develop mental processes throughout their lives, including thinking, remembering, and problem-solving skills.

Circular Reactions

Circular reactions are repetitive actions typical in infant development, which allow the infant to replicate a desirable outcome, contributing to learning and motor skills development.