As a Result of the Great Depression

question 66

Multiple Choice

As a result of the Great Depression,

• A) living standards rose in Japan and Germany.
• B) Marxism and fascism gained in popularity.
• C) free trade gained in popularity.
• D) democracy gained in popularity.
• E) American prosperity surprisingly increased.

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Definitions:

Alternative Situations

Different scenarios or conditions that could occur, often considered when planning or making decisions.

Uncertainty

The lack of complete certainty, that is, the existence of more than one possibility in the outcome of a future event.

Econometric

Relating to econometrics, the branch of economics that applies statistical and mathematical methods to analyze economic data and test theories.

Prime Interest Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in the economy.