Which of the following most accurately describes the changes in GDP and unemployment between 1929 and 1933?
A) Real GDP changed little but the unemployment rate increased to about 50%.
B) Real GDP increased by about 10% and the unemployment rate decreased to about 3%.
C) Real GDP decreased by about 30% and the unemployment rate increased to about 25%.
D) Both Real GDP and the unemployment dropped significantly.
Correct Answer:
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Q2: At its maximum during the Great Depression
Q3: During the Federal Bank Holiday ordered by
Q4: During the 1930s, banks found it hard
Q5: Between 1929 and 1933, nominal interest rates
Q6: The first banking crisis of the 1930s
Q8: Which was not a factor in causing
Q9: During the Great Depression, real GDP decreased
Q10: In the United States in the 1920s,
Q11: The failure of the Bank of the
Q12: During the 1930s,
A) ordinary citizens were not
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