All of the following took place during the Great Depression except
A)increase in unemployment from about 3.4 percent to about 25 percent and a decrease in real GDP by about 30 percent between 1929 in 1933.
B)an increase in taxes because of the fear that budget deficits would undermine business confidence.
C)a fall in the money supply by more than 30 percent.
D)a rise in inflation during the early 1930s.
E)the stock market crashed by about one-third in October of 1929.

Question

Quizplus · Accepted Answer

During the Great Depression, there was deflation, not inflation, as prices fell due to decreased demand and economic activity.

All of the Following Took Place During the Great Depression