Which of the following is one of the reasons Peter Temin has argued that unemployment during the 1837-1844 depression was less severe than in later depressions?
A) The depression of 1837 was confined to the United States only.
B) The depression of 1837 remained confined to the stock market on Wall Street.
C) The labor department in 1837 tended to double-count unemployment numbers.
D) A large proportion of the labor force in agriculture experienced low incomes, not actual unemployment..
Correct Answer:
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