In the Election of 1932, Which Candidate Pledged a "New

question 13

Multiple Choice

In the election of 1932, which candidate pledged a "New Deal"?​

• A) Theodore Roosevelt
• B) Woodrow Wilson
• C) Herbert Hoover
• D) Lyndon Baines Johnson
• E) Franklin Delano Roosevelt

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Definitions:

Unemployment Rate

The slice of the labor pool actively seeking employment but currently unemployed.

Full Production

The state where all available resources are being used efficiently to produce goods and services.

Economic Problem

The fundamental issue of limited resources to meet unlimited wants, necessitating choices and prioritization in allocation.

Wealth Of Nations

A foundational economic text written by Adam Smith, which discusses the mechanics of market economies and introduces the concept of the ‘invisible hand’.