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Which of the Following Did Not Contribute to the Severity

Question 48

Multiple Choice

Which of the following did not contribute to the severity of the Great Depression?


A) a sharp reduction in the money supply during the early 1930s
B) a large tax increase (to balance the budget) in the early 1930s
C) substantial increases in the tariff rates on imported goods
D) a reduction in government expenditures and a substantial cut in personal income tax rates during 1932 and again in 1936

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