Read the passage and answer the question.
during the great depression, economists believ...
Business, 04.12.2019 20:31, preston7837
Read the passage and answer the question.
during the great depression, economists believed recovery would occur when spending increased. since spending was low, economic theory held that savings should be very high. this would create a surplus of capital and drive down the cost of loans. the pure ease of expansion should have brought economic activity back up to healthy levels. yet, the great depression dragged on.
people had no savings to invest in the market and, in fact, had drawn down their savings just to survive. there was no free capital to invest, and without income or savings, people could not support existing operations. as a result, there would be even fewer people earning income and yet more people with dwindling savings.
which answer choice best explains the type of unemployment that resulted from the great depression?
Answers: 3
Business, 22.06.2019 12:00, DeathFightervx
Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.
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Business, 22.06.2019 20:00, kickdoedon
During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above
Answers: 3
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