Multiple Choice
Which of the following contributed to the severity of the Great Depression?
A) The substantial budget surpluses run during the Hoover administration.
B) A sharp increase in tariff rates in 1930.
C) The large reduction in tax rates under the Hoover administration.
D) A highly expansionary monetary policy followed by the Fed in the late 1920s and early 1930s.
Correct Answer:

Verified
Correct Answer:
Verified
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