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Sholpan [36]
3 years ago
5

How did the New Deal respond to the ravages of the depression and change the role of the federal government?

Social Studies
1 answer:
Trava [24]3 years ago
5 0

Answer:

The answer is stated below.

Explanation:

Under President Franklin D. Roosevelt, the New Deal was a series of domestic policies that greatly increased the role of the federal government in the economy in response to the Great Depression. it Includes measures like government became active in businesses , taxed wealthy , created jobs for unemployed, subsidy to farmers to lower price on crops,etc.

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One winter​ recently, the price of antique furniture increased by 10 percent and the quantity demanded decreased by 30 ​percent,
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Answer:

The cross-price elasticity is - 0.8.

Explanation:

The price of antique furniture increased by 10 percent and the quantity demanded decreased by 30 ​percent, and with no change in the price of refinishing products​, the quantity of refinishing products demanded decreased by 8 percent.

The cross-price elasticity of demand measures the change in the demand for a product due to a change in the price of a related good. Negative cross-price elasticity means the goods are complements. Positive cross-price elasticity implies that the goods are substitutes.

Cross price elasticity  

= \frac{\Delta Qy}{\Delta Px}

= \frac{-8}{10}

= - 0.8  

The cross price elasticity is negative which means that the goods are complements.

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Explanation:

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... parts that could be worn

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