WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
WESTWARD EXPANSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The economy shrinks and many people lose their jobs.
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It is a prosperous time for all people.
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Either A or B
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None of the above
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Detailed explanation-1: -An economic depression is a period of carried long-term economical downturn that is result of lowered economic activity in one major or more national economies.
Detailed explanation-2: -What Happens in a Recession? Economic output, employment, and consumer spending drop in a recession. Interest rates are also likely to decline as the central bank (such as the U.S. Federal Reserve Bank) cuts rates to support the economy.
Detailed explanation-3: -Why Unemployment Rises During a Recession. Because a recession is a slowdown in economic activity and labor is a key economic input, along with capital, it is logical that unemployment would rise as output (what companies make and sell) declines as companies making less and selling less need fewer employees.