The Great Depression Lasted Longer and Was Deeper Than the Average

question 107

Multiple Choice

The Great Depression lasted longer and was deeper than the average recession,in part,because

• A) the government increased the money supply and reduced interest rates.
• B) the government reduced tax rates and increased spending.
• C) stock prices increased during the Great Depression.
• D) there was a stock market crash at the beginning of the depression.
• E) the government reduced barriers to trade.

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Definitions:

Interest Annually

The total interest that accrues over the course of a year, either on investments or loans.

Payment Now

An immediate payment, as opposed to payments scheduled in the future, often required to secure a purchase or service.

Interest

The cost of borrowing money, typically expressed as a percentage of the total amount borrowed.

Single Payment

A one-time transaction involving the transfer of money or other value from one party to another.