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) the price level fell substantially: the deflation rate was about 10 percent in 1931.
C) international trade remained relatively stable throughout the 1930s.
D) real interest rates increased from four percent in 1929 to nearly 13 percent in 1931.