The Great Depression was an era marked by
A) steady growth in GDP and a decline in the rate of unemployment.
B) a prolonged period of high unemployment and output substantially below its potential.
C) a large decline in the stock market followed by a steady recovery.
D) a failure of expansionary monetary policy to stimulate output and employment.

Question

Quizplus · Accepted Answer

The Great Depression was characterized by a severe economic downturn, with high unemployment rates and output significantly below potential, lasting throughout the 1930s.

The Great Depression Was an Era Marked by