Which of the following assertions is false?
A) The Great Depression was a typical business cycle.
B) Very rapid growth occurred during World War II.
C) Real GDP per capita dipped about 30% during the Great Depression.
D) On average, the U.S. economy grows at a rate of 2.1%.

Question

Quizplus · Accepted Answer

The Great Depression was not a typical business cycle; it was a severe and prolonged economic downturn that lasted for 10 years and had several underlying causes, including an unsustainable credit boom and a lack of regulation in the financial sector.

Which of the Following Assertions Is False