Which of the Following Is an Accurate Statement About Unemployment

question 7

Multiple Choice

Which of the following is an accurate statement about unemployment during the New Deal?

• A) It never fell below 75 percent.
• B) As late as 1939 more than 17 percent of the labor force remained jobless.
• C) New Deal social and economic programs virtually eliminated unemployment for the first time in American history.
• D) The jobless rate crept steadily upward from 1932 until 1945.
• E) It never exceeded 7.5% even though politicians exaggerated the crisis for their own benefit.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the standard cost, multiplied by the quantity of materials purchased, indicating cost management efficiency.

Purchasing Department

The division of a business responsible for acquiring goods, services, and materials necessary for the company’s operations.

Labour Rate Variance

The difference between the actual cost of labor per hour and the standard cost of labor per hour, multiplied by the number of hours worked.

Actual Hours (AH)

The real time spent on a task or project, as opposed to planned or estimated hours.