Each of the Following Is a Fact About the Great

Multiple Choice

Each of the following is a fact about the Great Depression except

A) from full employment in 1929, real GDP fell until it was nearly 40 percent below potential output by 1933.
B) investment spending collapsed: by 1932 real investment spending was less than one-ninth of what it had been three years before.
C) unemployment had reached a quarter of the labor force by 1933.
D) real interest rates decreased.