Which of the following is FALSE?
A)in 1929, the U.S. unemployment rate averaged 3.2 percent
B)in 1933, the U.S. unemployment rate hit an all-time high of 20.1 percent
C)from 1930 to 1939 the U.S. experienced unemployment rates in the double digits, despite massive government intervention
D)both the Keynesian and the monetarists explanations of the Great Depression fit the facts
E)macroeconomics developed as a distinct discipline as a result of what happened during the Great Depression

Question

Quizplus · Accepted Answer

In 1933, the U.S. unemployment rate reached an all-time high, but it was significantly higher than 20.1 percent, peaking at around 25 percent.

Which of the Following Is FALSE