Between His Election in 1932 and the Inauguration in 1933,Franklin

question 39

Multiple Choice

Between his election in 1932 and the inauguration in 1933,Franklin Roosevelt

• A)declared he would dramatically increase government spending.
• B)promised to maintain a balanced federal budget.
• C)made no public statements.
• D)refused to make any agreements with the outgoing president,Herbert Hoover.
• E)began laying the groundwork for his social security legislation.

---

Definitions:

Market Equilibrium

A state in which market supply and demand are balanced at a certain price level, leading to economic stability in which the quantity supplied equals the quantity demanded.

Excess Supply

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to a price decrease.

Excess Demand

A situation in which the demand for a product or service surpasses its supply in a market, often leading to price increases.

Market Equilibrium

A situation where the quantity of a good or service supplied equals the quantity demanded at a specific price level.