Which of the Following Is FALSE

Multiple Choice

Which of the following is FALSE?

A) in 1929, the U.S. unemployment rate averaged 3.2 percent
B) in 1933, the U.S. unemployment rate hit an all-time high of 20.1 percent
C) from 1930 to 1939 the U.S. experienced unemployment rates in the double digits, despite massive government intervention
D) both the Keynesian and the monetarists explanations of the Great Depression fit the facts
E) macroeconomics developed as a distinct discipline as a result of what happened during the Great Depression