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.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.