Which One of the Following Factors Contributed to the Decline

question 373

Multiple Choice

Which one of the following factors contributed to the decline in real output during the Great Depression?

• A) deflation, which changed the terms of long-term contracts and discouraged long-term exchange
• B) inflation, which reduced the value of the dollar and eroded the savings of the elderly
• C) stable monetary policy, which caused business decision makers to lose confidence in the Fed's ability to fine-tune the economy
• D) establishment of the Federal Deposit Insurance Corporation

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Definitions:

Information Dependent

The state of requiring or heavily relying on information to make decisions or carry out tasks.

Anticipatory Socialization

The process of learning and adapting to the norms and expectations of a role or environment before formally entering it.

Encounter

An unexpected or casual meeting with someone or something.

Organizational Socialization

The process by which new employees learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization.