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QuizMultiple Choice

Roaring Economy to Great Depression

Question 1 • EAP-Virginia and US History B CR

How did consumers weaken the economy in the late 1920s?

Answer
A
Consumers only bought a limited number of products.
B
Consumers bought too many goods they could not afford.
C
Consumers refused to pay high prices for goods.
D
Consumers increased their spending and used only cash.

Explanation

Many consumers bought goods on credit or through installment plans, spending money they did not have. As household debt grew, people had less ability to keep buying, which weakened demand and hurt businesses. The correct choice is “Consumers bought too many goods they could not afford.”

AI-written and checked against the verified answer.

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