Solved

Which of the Following Best Describes the Economic Dynamic of the Great

Question 92

Multiple Choice

Which of the following best describes the economic dynamic of the Great Depression?


A) Economic uncertainty prompted a dramatic increase in the labor force participation rate.
B) Plummeting sales and lack of consumer confidence triggered a surge in the trade deficit.
C) Declining sales tax revenue triggered a disproportionate rise in income taxes.
D) Superior competitors from overseas forced an inefficient domestic industry to its knees.
E) Mass unemployment and the lack of investment triggered a devastating cycle of deflation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents