Multiple Choice
What happened in the first few years of the Great Depression?
A) Unemployment rose by about 10 percent, and prices rose about 27 percent.
B) Unemployment rose by about 19 percent, and prices rose about 12 percent.
C) Unemployment rose by about 20 percent, and prices fell about 12 percent.
D) Unemployment rose by about 21 percent, and prices fell about 19 percent.
Correct Answer:

Verified
Correct Answer:
Verified
Q112: Suppose the economy is in long-run equilibrium.
Q113: What would make the price level decrease
Q114: Which statement best describes the beginning of
Q115: Figure 14-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 14-1
Q116: Which statement best explains an increase in
Q118: An economy is described by the aggregate-demand
Q119: How does real GDP change over time?<br>A)
Q120: An unexpected increase in the price level
Q121: Assuming that a is positive, how are
Q122: If the economy is initially in long-run