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Each of the Following Is a Fact About the Great

Question 23

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) prices remained relatively stable throughout the period of the Great Depression.
C) unemployment had reached a quarter of the labor force by 1933.
D) real interest rates increased from four percent in 1929 to nearly 13 percent in 1931.

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