According to your authors, America's Great Depression of the 1930s was evidence of
A) an unstable free market system
B) rampant greed among entrepreneurs.
C) a cluster or accumulation of errors.
D) antagonistic interests among the propertied and nonpropertied classes.
E) all of the above.
Answer: C) a cluster or accumulation of errors.
You might also like to view...
If you go to the bank and notice that a dollar buys more Japanese yen than it used to, then the dollar has
a. appreciated. Other things the same, the appreciation would make Americans less likely to travel to Japan. b. appreciated. Other things the same, the appreciation would make Americans more likely to travel to Japan. c. depreciated. Other things the same, the depreciation would make Americans less likely to travel to Japan. d. depreciated. Other things the same, the depreciation would make Americans more likely to travel to Japan.
If the productivity of an assembly line worker rises from 6 rivets per minute to 9 rivets per minute, we can say that her productivity
A. fell by 50%. B. stayed the same. C. rose by 50%. D. rose by 100%.
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. unemployment. B. expansionary gaps. C. recessionary gaps. D. exogenous spending.
Firms who are attempting to engage in price discrimination will offer customers with a ________ demand a higher price and customers with a(n) ________ demand a lower price.
A. lower; higher B. normal; inferior C. less elastic; more elastic D. more elastic; less elastic