Which of the Following Statements About the Great Depression Is

Multiple Choice

Which of the following statements about the Great Depression is correct?

A) The 1929 stock market crash explains the lengthy duration of the Great Depression.
B) The severity of the economic downturn, if not its onset, was the result of perverse monetary, fiscal, and regulatory policies.
C) The sharp decreases in tariff rates and tax rates cushioned the downturn and limited it to three years.
D) The Great Depression indicates that monetary policy affects prices but exerts little impact on output.