The "New Deal" measures introduced in 1933 and 1934 to end the depression
(a) brought about almost complete recovery by the mid-1930s.
(b) were not completely successful in ending the Depression, which lasted until the beginning of World War II.
(c) actually interfered with recovery, and the Depression worsened in the mid-1930s.
(d) were not very successful at first but finally ended the Depression by the late 1930s.
(b)
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What group tends to benefit from the sugar price supports?
A. Manufacturers of products that use sugar B. Individual consumers of sugar C. Producers of other agricultural products D. Producers of sugar E. All of these responses are correct.
Which one of the following transactions would be included in GDP?
a. Ms. Kim pays $50 for a used picture frame at a neighborhood garage sale. b. Mr. Doe donates $500 to his town's junior college scholarship fund. c. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident. d. Ms. Smith pays $5,000 to purchase 100 shares of Microsoft stock (assume no sales commission is made on the exchange).
Which of the following describes the benefits of specialization in a free market?
One In the News article titled "Sharpest Economic Decline in 26 Years" states that
A. The drop in real GDP in 2008 was the greatest in 50 years. B. Real GDP fell by 6.8 percent in the last quarter of 2007. C. Real GDP fell by 3.8 percent in the last quarter of 2008. D. The drop in real GDP in 2008 was the greatest since the Great Depression.