Statement I.There was a sharp recession in 1937-1938.
Statement II.In 1933 our unemployment rate was about 25 percent.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Question

Mubeen Akhtar · Accepted Answer

Final Answer : C, Explanation :  Both statements are true. There was indeed a sharp recession in 1937-1938, which is known as the Roosevelt Recession. Additionally, the unemployment rate in 1933 was about 25 percent, which was one of the highest levels of unemployment in US history.

Statement I.There was a sharp recession in 1937-1938.
Statement II.In 1933 our unemployment rate was about 25 percent.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

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Learning Objectives

Learning Objectives

Related questions

Statement I.There was a sharp recession in 1937-1938.Statement II.In 1933 our unemployment rate was about 25 percent.A) Statement I is true and statement II is false.B) Statement II is true and statement I is false.C) Both statements are true.D) Both statements are false.

Definitions

Learning Objectives

Learning Objectives

Related questions

Statement I.There was a sharp recession in 1937-1938.
Statement II.In 1933 our unemployment rate was about 25 percent.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.