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:

Affirming Consequent

A logical fallacy where one assumes that because the consequent is true, the antecedent must also be true; it's a flawed argument in conditional reasoning.

Antecedent

The conditional clause that represents the if-part in a conditional statement, where its truth logically necessitates the truth of the consequent.

Modus Ponens

A logical form of argument where, from two premises, one asserts a condition and the other affirms that condition, leading to a conclusion.

Hypothetical

Pertaining to a proposition or statement whose truth depends on conditions or variables not yet specified.