All of the following took place during the Great Depression except
A)an increase in unemployment from about 3.4 percent to about 25 percent and a decrease in real GDP by about 30 percent between 1929 in 1933.
B)an increase in taxes because of the fear that budget deficits would undermine business confidence.
C)a fall in the money supply by more than 30 percent.
D)a rise in inflation during the early 1930s.

Question

Quizplus · Accepted Answer

The Great Depression was characterized by a decrease in real GDP, a significant increase in unemployment, and a sharp fall in the money supply. The government did not increase taxes during this period but rather reduced them to help stimulate economic growth. Inflation did not rise during the early 1930s but rather fell due to a decrease in demand for goods and services.

All of the Following Took Place During the Great Depression