The Years from 1933 to 1937 Are Notable for ________

question 36

Multiple Choice

The years from 1933 to 1937 are notable for ________.

• A)high unemployment,despite rapid growth of real output
• B)low unemployment,despite sluggish output growth
• C)persistent deflation,despite rising unemployment
• D)the creation of the Federal Reserve System
• E)none of the above

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Definitions:

Accounts

Financial records of an entity that detail transactions and can be used to prepare financial statements.

Loss Carry-Forward

A tax provision allowing companies to use their current year's net operating losses to reduce taxable income in future years.

Capital Losses

Financial losses incurred when the selling price of an asset is less than the purchase price.

Capital Gains

The profit from the sale of an asset or investment when the selling price exceeds its purchase price.