The Great Depression was the most severe recession experienced by the U.S.economy, during which national output had declined by 25 percent.

Question

Quizplus · Accepted Answer

The statement is true. The Great Depression lasted from 1929 to 1939 and was characterized by high unemployment, deflation, and a decline in economic activity. National output, as measured by gross domestic product (GDP), declined by around 25 percent during this period.

The Great Depression Was the Most Severe Recession Experienced by the U.S.economy