Chapter 18. The End of the Great Depression

EIA Activity: The End of the Great Depression

1. Question

   True or False: According to Keynesian economic theory, aggregate demand is influenced by many economic decisions, both public and private.

   A.

   True.

   B.

   False.

2. Question

   True or False: Changes in aggregate demand, according to Keynesian economic theory, have the greatest short-run effect on prices.

   A.

   True.

   B.

   False.

3. Question

   True or False: Keynesian economic theory advocates the use of stabilization policy to reduce business cycles.

   A.

   False.

   B.

   True.

4. Question

   Use Link 2 to answer the following questions. True or False: To help combat the Great Depression, FDR put millions of unemployed Americans to work on many different workforce programs including the Tennessee Valley Authority.

   A.

   False.

   B.

   True.

5. Question

   True or False: Around 20% of Americans were employed by the government to work in many workforce programs under FDR’s presidency.

   A.

   False.

   B.

   True

6. Question

   Discuss the pros and cons of using expansionary fiscal policy to help alleviate recessions.

   Your response will be graded by your instructor.

   Discuss the pros and cons of using expansionary fiscal policy to help alleviate recessions.

• Point per question: 1pts for short answer 1pts for multiple choice
• number of attempts on quiz as a whole: 1 or unlimited?
• set which score reports to Gradebook: first, most recent, highest, or average
• Randomize answers (for multiple choice questions only)? Yes or no