Economists Blamed All of the Following for Causing the Depression

question 10

Multiple Choice

Economists blamed all of the following for causing the depression except

• A) Structural problems made the 1920s prosperity far more unstable than the public realized at the time.
• B) Wage increases lagged behind factory output, which reduced purchasing power.
• C) Assembly-line production methods encouraged overproduction.
• D) Housing, automobile, textile and other industries were deeply overextended.
• E) Key industries embraced costly new technologies that they could not financially support.

---

Definitions:

Absolute

A term indicating complete or total, often used to signify purity, unconditioned reality, or an unchangeable fact.

Competitive

Describes a situation where businesses or individuals contest against each other to achieve leadership, market share, or win over customers.