During the 1900-1950 Period

Multiple Choice

During the 1900-1950 period,

A) the growth of real GDP was more stable than has been the case since 1950.
B) unemployment seldom exceeded 4 percent of the labor force.
C) double-digit swings in real GDP during a single year were not uncommon.
D) the money supply was increased at a constant annual rate of between 4 percent and 6 percent throughout the period.