According to Monetarists, the Great Depression in the United States

question 170

Multiple Choice

According to monetarists, the Great Depression in the United States largely resulted from

• A)contractionary fiscal policy.
• B)excessive imports relative to exports.
• C)significant changes in technology and resource availability.
• D)inappropriate monetary policy.

---

Definitions:

Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided to the buyer.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest.

Drawing Account

An account used by a sole proprietor to track money withdrawn from the business for personal use.

Total Assets

The sum of all current and non-current assets owned by a company, representing its overall value.