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1. which statement is true? A) twenty-five million Americans were officially unemployed in 1933. B) our economy expanded steadily from 1933 to 1945. C) Once the Great Depression began in 1929, our economy moved almost steadily downhill until the beginning of 1940. D) none of the above.
2. In the early 19th century, the United States suffered from a scarcity of ___________.
A) land and labor B) land-relative to labor C) labor- relative to land D) neither land nor labor.
3. which statement is false? A) president Eisenhower presided over three recessions. B) OUr economy has not had an unemployment rate below 5 percent since the early 1940's. C) There were six straight years of economic expansion under president Reagan. D) None of the above. (All of the above are true.)
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