Which of the Following Is a Negative Real Shock That

question 97

Multiple Choice

Which of the following is a negative real shock that occurred during the Great Depression?

• A) The Smoot-Hawley tariffs led to a decrease in net exports.
• B) Bank failures led to a decrease in the money supply.
• C) Widespread bank failures led to a reduction in the productivity of financial intermediation.
• D) A stock market crash decreased consumer wealth.

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Definitions:

Looking-glass Self

A concept in sociology that suggests individuals develop their self-concept based on how they believe others perceive them.

Dramaturgy

A sociological perspective that uses the metaphor of theater to understand how individuals present themselves in various social situations.

Erving Goffman

A sociologist known for his work on symbolic interactionism and the study of everyday life interactions, dramaturgy, and social identity.

Agency

The ability of the individual to act freely and independently.