What do many economists blame for the severity of the Great Depression?
A)The collapse of the banking system
B)The lack of a definitive money in the U.S. monetary system
C)The issuing of an excessively large amount of currency by the Federal Reserve
D)The collapse of the electronic funds transfer system

Question

Quizplus · Accepted Answer

Many economists blame the collapse of the banking system for the severity of the Great Depression. The failure of banks led to a contraction of the money supply and a decrease in aggregate demand, exacerbating the economic downturn.

What Do Many Economists Blame for the Severity of the Great