Well, this is a late answer, But to all those people in the future, the answer is "Yes" I just took the quiz =)
Unemployment rose dramatically in the united states in 1929 because of WWI. American white soldiers left their jobs for the war cause, and in their place was African Americans. So, when the war ended and all the White soldiers came back from war, they all got unemployed. I hope I could help. Have a wonderful rest of the day.
Answer:
It expanded due to industrialization and the need for access to more raw materials and markets for the produced goods
Explanation:
This is what you’re looking for I think. Hope this helped.
When interest rates are increased, borrowing money becomes more expensive. This translates into both individuals and buisnesses having to slow down their enconomic growth, because financing their activities or production also becomes more expensive.
The Federal Reserve has the <u>double-task</u> of keeping prices manageable in a flourishing economy while keeping unemployment as low as possible. When there's inflation, it's been proven that slowing down the economy by increasing interest rates, tends to reduce inflation. That's why it's a good option. We have to keep in mind, however, that this will raise unemployment as a collateral effect.
As you can see, there's no easy answer when it comes to balancing all factors at the same time.
Hope this helps!