Which of the Following Contributed to the Severity of the Great

question 657

Multiple Choice

Which of the following contributed to the severity of the Great Depression in the 1930s?

• A) large increases in tax rates in 1932 and again in 1936
• B) large increases in the money supply during the early 1930s
• C) a reduction in tariffs protecting many U.S. industries
• D) a substantial tax rate reduction, which led to large deficits and high interest rates during the early 1930s

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Definitions:

T Value

A value derived from a T-test, used to determine the significance of differences between two sample means.

Independent Samples

Two or more groups of observations that are collected from separate populations and are not related or connected in any way.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true; a measure of the risk of making a Type I error.

Test Statistic

A calculated value used in statistical testing to determine whether to reject the null hypothesis.