Which of the Following Was Most Responsible for Bringing the Great

question 650

Multiple Choice

Which of the following was most responsible for bringing the Great Depression to an end?

• A) the increase in industrial demand due to the military build-up prior to World War II
• B) the expansionary monetary policy of the Fed during the 1930s
• C) the New Deal policies that expanded government spending, stimulated demand, and increased output
• D) the increase in import tariffs that saved jobs and expanded total employment

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Definitions:

LIFO Retail Inventory Method

An accounting technique that values inventory on the assumption that the last items placed in inventory are sold first, specifically applied to retail settings.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Net Markups

The amount by which the price of a security is increased above its initial offering price to the public, after deducting any fees or commissions.

Net Markdowns

The reduction in the selling price of goods, net of any subsequent increases in price, affecting the gross margin of a retail operation.