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By 1937,when a New Recession Began in the Midst of the Great

Question 32

Multiple Choice

By 1937,when a new recession began in the midst of the Great Depression,


A) GDP had almost recovered to its 1929 level, but unemployment was still above the 1929 level.
B) unemployment had almost fallen back to its 1929 level, but GDP had yet to recover to its 1929 level.
C) neither GDP nor unemployment had returned to near their 1929 levels.
D) both GDP and unemployment had returned to near their 1929 levels.

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