Which of the Following Phenomena Occurred During the Great Depression

question 77

Multiple Choice

Which of the following phenomena occurred during the Great Depression?

• A) National output fell by 30 percent.
• B) Unemployment rose by 20 percentage points.
• C) The stock market fell to less than a third of its original value.
• D) All of the answers are correct.

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Definitions:

Executory Contract

A contract that has not yet been fully performed or completed by one or more parties.

Executory

Pertaining to a contract or agreement in which not all obligations or terms have yet been fulfilled by the involved parties.

Partially Performed

Refers to a contract or agreement that has been started but not completed, fulfilling some but not all obligations.

Adequacy of Consideration

A legal principle assessing whether the value exchanged in a contract is reasonable and fair to both parties.