Which of the following occurred during the Great Depression?
A) Unemployment and prices increased, while output decreased.
B) Unemployment increased, while output and prices decreased.
C) Unemployment and prices decreased, while output increased.
D) Unemployment and output decreased, while prices increased.
E) Unemployment and output increased, while prices decreased.

Question

Quizplus · Accepted Answer

During the Great Depression, there was a significant increase in unemployment rates, while both output and prices of goods and services decreased. This led to a severe economic crisis that lasted for almost a decade.

Which of the Following Occurred During the Great Depression