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    When the Money Supply Declined by Approximately 30 Percent During
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When the Money Supply Declined by Approximately 30 Percent During

Question 117

Question 117

Multiple Choice

When the money supply declined by approximately 30 percent during the 1929 through 1933 period,


A) real output increased.
B) the general level of prices increased.
C) the velocity of money increased by a proportional amount.
D) unemployment increased.

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