What Was the Term for Makeshift Towns Built Around the United

question 103

Multiple Choice

What was the term for makeshift towns built around the United States during the Depression as shelters for the homeless? 

• A)"Shantytowns."
• B)"Hoovervilles."
• C)"Cardboard villages."
• D)"Hobovilles."
• E)"Roosevelt villages."

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Definitions:

Inflation

An increase in the general price level of goods and services in an economy over a period of time.

Cost-Push Inflation

Inflation resulting from a rise in the cost of inputs such as labor, raw materials, and so forth, which subsequently reduces the availability of these goods.

Aggregate Demand Curve

A graphical representation showing the total demand for all goods and services in an economy at different price levels.

Aggregate Supply Curve

A graphical representation that shows the total quantity of goods and services producers are willing to supply at different price levels in an economy.