During the Great Depression in the Early 1930s

question 52

Multiple Choice

During the Great Depression in the early 1930s,

• A)bank runs closed many banks.
• B)the money supply rose sharply.
• C)the Fed decreased reserve requirements.
• D)both a and b are correct.

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Definitions:

Moral Absolutes

Ethical beliefs that actions are inherently right or wrong, regardless of the context or consequences.

Society's Shortcomings

Flaws or failures within a society that hinder the well-being, justice, or progress of its members.

Natural Law

A belief system that claims specific rights or values are intrinsic to human nature and universally recognizable through the use of human intellect.

Relative Ethics

The belief that moral standards are influenced by and can only be understood in relation to the specific social, cultural, or individual context.