Why is the economic downturn that occurred during the 1930s called the Great Depression?
A) because it was the first recession experienced by the U.S.
B) because it was the last recession experienced by the U.S.
C) because it was the most severe recession ever experienced in the U.S.
D) because it was the shortest depression on record.
Correct Answer:
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Q15: Give examples of expansions and recessions throughout
Q16: What does the term, "discouraged worker," mean?
A)
Q17: Pablo was laid off from his job
Q18: What's the difference between a recession and
Q19: During the Great Depression, unemployment reached a
Q21: Business cycles
A) occur in every type of
Q22: What is a business cycle?
A) the length
Q23: What is an "expansion?"
A) an increase in
Q24: What is a "contraction?"
A) a downturn in
Q25: During the 20th century, the US experienced
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