Multiple Choice
Which of the following is true about the Great Depression?
A) Following the Great Depression of 1929, the economy did not regain its potential output until the early 1940s when the pressures of WWII sharply increased aggregate demand.
B) Expansionary monetary and fiscal policies successfully moved the economy from the Great Depression of 1929 within three to five years.
C) The Great Depression of 1929 was considered to be a normal stage of business cycles.
D) The Great Depression could be explained by classical economic theory.
Correct Answer:
Verified
Correct Answer:
Verified
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