Question

How did overproduction affect businesses in the 1920s? Check all that apply.
Businesses cut production.
Workers were laid off.
Demand increased.
Businesses closed.
Banks lowered rates. '

Answer 1

Answer:

A) Businesses cut production. B) Workers were laid off. D) Businesses closed. E) Banks lowered rates.

Explanation:

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Answer 2

The correct options are:

A) Businesses cut production.

B) Workers were laid off.

D) Businesses closed.

E) Banks lowered rates.

What is overproduction?

Overproduction is also known as the excess of supply, in which the supply is more than the actual demand of a commodity in which the workers are led off, and the businesses will cut off the production.

If the supply is more than demand, that the manufacturers have an option to wait for the increase in supply or to close the business. In a condition of overproduction, bank rates gets low.

In the 1920s, same situation happens where most of the business gets closed, most cut the productions and so on.

Therefore, option A, B, D, and E are correct.

Learn more about the overproduction, refer to;

https://brainly.com/question/26371701