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    Principles of Macroeconomics Study Set 16
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    Exam 14: The Great Recession, the Great Depression, and Great Macroeconomic Debates
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    The Great Depression Actually Consisted of Two Separate Recessions
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The Great Depression Actually Consisted of Two Separate Recessions

Question 98

Question 98

Multiple Choice

The Great Depression actually consisted of two separate recessions. The “first wave” of the Great
Depression first began in ________ and initially lasted for ________ months.


A) May 1937; 14
B) August 1929; 44
C) August 1945; 12
D) July 1991; 18
E) August 1972; 7

Correct Answer:

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