The Great Depression was made more severe because
A) the government lowered tariffs against imported goods.
B) the Federal Reserve increased the money supply after the stock market crashed.
C) depositors made runs on banks, thereby destroying the banking system in large parts of the nation.
D) depositors left their money in banks instead of increasing spending, which would have increased GDP.
C
Economics
You might also like to view...
Marginal cost is calculated by dividing the change in total cost by the change in total output
a. True b. False Indicate whether the statement is true or false
Economics
Structural unemployment is frequently caused by:
a. technological changes that make certain job skills obsolete. b. temporary layoffs in industries such as construction. c. the impact of recessions on employment. d. none of these.
Economics