What Three Factors Explain the Fact That the Great Depression

question 115

Multiple Choice

What three factors explain the fact that the Great Depression was worse in the United States than in Europe?

• A)exchange-rate policy,fiscal policy,and policy toward wages and prices
• B)fiscal policy,monetary policy,and consumer confidence.
• C)inflation,exchange-rate policy,and policy toward wages and prices
• D)consumer confidence,monetary policy,and exchange-rate policy

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Definitions:

Mandatory Benefits

Compulsory employment advantages prescribed by law that an employer must provide to employees, such as social security, workers' compensation, and leave entitlements.

Employment Assistance Programs

Workplace initiatives designed to help employees deal with personal problems that might adversely affect their job performance, health, and well-being.

Defined Contribution Pension Plan

A retirement plan where the amount contributed by employers or employees is specified, but the future benefit amount is not guaranteed, depending on investment performance.

Funding Obligation

Refers to the requirement for an entity to provide financial resources for a project, debt, or other commitment as agreed upon.