According to monetarists, the Great Depression in the United States largely resulted from
A)contractionary fiscal policy.
B)excessive imports relative to exports.
C)significant changes in technology and resource availability.
D)inappropriate monetary policy.

Question

Quizplus · Accepted Answer

Monetarists believe that the Great Depression was largely caused by inappropriate monetary policy, specifically the Federal Reserve's failure to prevent a decline in the money supply.

According to Monetarists, the Great Depression in the United States