Why is the economic downturn that occurred during the 1930s called the Great Depression?
A) Because it was the first recession experienced by the United States.
B) Because it was the last recession experienced by the United States.
C) Because it was the most severe recession ever experienced in the United States.
D) Because it was the shortest depression on record.
Correct Answer:
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Q1: What does the term, "discouraged worker," mean?
A)
Q2: Pablo was laid off from his job
Q3: What's the difference between a recession and
Q5: Business cycles
A) occur in every type of
Q6: What is a business cycle?
A) The length
Q7: What is an "expansion?"
A) An increase in
Q8: What is a "contraction"?
A) A downturn in
Q9: During the twentieth century, the United States
Q10: Robert Lucas, a well-known University of Chicago
Q11: What is "real business cycle theory"?
A) Outside
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