Asked by
christina sandifer
on Oct 09, 2024
Verified
Which of the following best describes the economic dynamic of the Great Depression?
A) Economic uncertainty prompted a dramatic increase in the labor force participation rate.
B) Plummeting sales and lack of consumer confidence triggered a surge in the trade deficit.
C) Declining sales tax revenue triggered a disproportionate rise in income taxes.
D) Superior competitors from overseas forced an inefficient domestic industry to its knees.
E) Mass unemployment and the lack of investment triggered a devastating cycle of deflation.
Mass Unemployment
A significant and widespread condition in which a large percentage of the eligible workforce is unable to find employment.
Deflation
An economic condition characterized by a decrease in the price levels of goods and services.
Investment
The action or process of allocating resources, usually money, with the expectation of generating an income or profit.
- Understand the economic, social, and political impacts of the Great Depression on American society.
Verified Answer
FI
Learning Objectives
- Understand the economic, social, and political impacts of the Great Depression on American society.