Final answer:
An economic depression would likely lead to job losses, causing people to lose their homes, increasing hunger, and creating pervasive fear and uncertainty, but it would not increase optimism or confidence.
Step-by-step explanation:
An economic depression can deeply impact people's daily lives. During such times, there is a significant decline in economic activity, which can lead to a number of adverse effects. Here are the correct statements about how an economic depression might impact daily lives:
- It would cause more people to lose their homes due to the inability to pay rents or mortgages as businesses lay off employees and incomes drop.
- It would increase the number of people who experience hunger, as seen during the Great Depression, where urban populations struggled without the means to obtain sufficient food.
- It would make people feel more afraid and uncertain about their lives due to job losses, scant wage raises, or pay cuts; negatively affecting not just the workers but also their family's financial stability and psychological well-being.
Conversely, the statements about an economic depression increasing people's confidence or making them feel more optimistic about the future are incorrect. Historically, depressions have led to heightened fear, uncertainty, and long-term psychological and social issues.