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Walton and Rockoff Contend That the Likelihood of a Great

Question 25

Multiple Choice

Walton and Rockoff contend that the likelihood of a Great Depression happening again is _______ because (among other reasons) _______.


A) substantial, our continued dependence on a highly volatile stock market.
B) substantial, of our reliance on a fractional reserve banking system.
C) remote, policymakers are unlikely to repeat the mistakes of the 1930s.
D) remote, industry now makes up a much larger share of GNP than it did in the 1930s.

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