The Highest and Most Prolonged Period of Unemployment in the United

question 17

Multiple Choice

The highest and most prolonged period of unemployment in the United States over the last 125 years occurred during

• A)World War II.
• B)the 1890s Depression.
• C)the 1990-1991 recession.
• D)the Great Depression of the 1930s.

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Definitions:

After-Tax Interest Expense

The cost of borrowing after adjusting for the effects of taxes, calculated by subtracting the tax savings from the total interest expense.

Basic Earnings Per Share

A measure of a company's profitability that divides net income by the number of outstanding common shares.

Noncontrolling Interest

The share of equity in a subsidiary not held by the parent company, reflecting the interest that is not controlled by the majority shareholder.

Stockholders' Equity

The residual assets of a company that belong to the shareholders after all liabilities have been deducted; also known as shareholders' equity.