Which of the Following Is One of the Reasons Peter

question 4

Multiple Choice

Which of the following is one of the reasons Peter Temin has argued that unemployment during the 1837-1844 depression was less severe than in later depressions?

• A) The depression of 1837 was confined to the United States only.
• B) The depression of 1837 remained confined to the stock market on Wall Street.
• C) The labor department in 1837  tended to double-count unemployment numbers.
• D) A large proportion of the labor force in agriculture experienced low incomes, not actual unemployment..