Related to the Economics in Practice on p. 418: F. Scott Fitzgerald's The Great Gatsby is set in the "Roaring '20s." This decade in U.S. history was characterized by
A) economic expansion and high unemployment.
B) recession and high unemployment.
C) economic expansion and low unemployment.
D) the Great Depression and stagflation.

Question

Quizplus · Accepted Answer

The Roaring '20s was a decade of economic expansion in the United States, characterized by a period of sustained economic growth and low unemployment rates. This is reflected in the exuberant lifestyle depicted in The Great Gatsby, with characters flaunting their wealth and indulging in lavish parties. The Great Depression, marked by a period of economic contraction and high unemployment, did not occur until the 1930s.

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