Most Economists Who Have Studied It Believe That the Great

question 47

Multiple Choice

Most economists who have studied it believe that the Great Depression was caused by:

• A)the stock market crash.
• B)poor economic policymaking.
• C)illegal immigration.
• D)a sharp decline in average labor productivity.

---

Definitions:

Rule Making

The process by which government agencies formalize and enact regulations or standards that govern behavior within specific industries or areas.

Legislative Authority

The power vested in a legislative body to enact laws, amend them, and repeal them.

Moratorium

A temporary prohibition or suspension of an activity or law, often used during emergencies or when deemed necessary for public welfare.

Administrative Law

The collection of rules and decisions made by administrative agencies to fill in particular details missing from constitutions and statutes.