During the Great Depression,the money supply fell 28%.During that same time,the monetary base ____ and the currency-to-deposit ratio and reserve-to-deposit ratios both _____.

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During the Great Depression, the monetary base actually rose due to the Federal Reserve's actions to increase it. However, the currency-to-deposit ratio and reserve-to-deposit ratios both rose as well, because people were withdrawing their money from banks (increasing the currency-to-deposit ratio) and banks were holding onto reserves rather than lending them out (increasing the reserve-to-deposit ratio). This combination contributed to the overall decrease in the money supply.

During the Great Depression,the Money Supply Fell 28