During the Great Depression, unemployment peaked at
A) 10%.
B) between 15 and 20%.
C) over 20%.
D) 81%.
C
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In the figure above, a single-price unregulated monopoly sets a price equal to
A) a. B) b. C) c. D) d.
The ability to share work and share risk is an advantage for
A) partnerships. B) sole proprietorships and partnerships. C) sole proprietorships. D) sole proprietorships and corporations
In the coordination failure model, the most likely explanation of business cycles are
A) money supply shocks. B) government spending shocks. C) total factor productivity shocks. D) fluctuations between "good" and "bad" equilibria.
If you were asked to draw a graph that showed the total fixed costs (vertical axis) for various levels of output (horizontal axis), you would draw a line/curve that
a. increased with a slope equal to the average fixed cost b. decreased with a slope equal to the average fixed cost c. increases for a while and then decreases d. decreases for a while and then increases e. had a slope of zero