During the Great Depression, Consumers and Producers in the United

Multiple Choice

During the Great Depression, consumers and producers in the United States dramatically reduced their spending as compared to the quantity of goods and services available at the time. This statement best represents this economic concept:

A) Resources are scarce.
B) When markets don't achieve efficiency, government intervention can improve society's welfare.
C) Overall spending sometimes gets out of line with the economy's productive capacity.
D) Government policies can change spending.