During the Great Depression,the U

question 25

Multiple Choice

During the Great Depression,the U.S.aggregate demand curve shifted to the left,in part,because

• A) a large number of U.S.banks failed.
• B) there was an increase in the U.S.population.
• C) the U.S.government decreased taxes.
• D) there were advances in technology in manufacturing.
• E) there was an increase in stock prices.

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Definitions:

Voting Shares

Shares that give the shareholder the right to vote on company matters, such as electing directors or approving acquisitions, indicating a degree of control in the company.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders.

Carrying Amount

The book value of assets and liabilities as reported in the financial statements, factoring in depreciation, amortization, and impairment.

Voting Shares

Shares that give the shareholder the right to vote on matters of corporate policy and the selection of board members.