Which of the Following Statements Is TRUE

question 156

Multiple Choice

Which of the following statements is TRUE?

• A) The Great Depression, despite its name, was really a small economic downturn with very little unemployment.
• B) The Great Depression refers to the severe economic downturn that occurred during the nineteenth century.
• C) The Great Depression would have been less severe if the Federal Reserve had acted appropriately.
• D) Well-functioning economies grow at a constant rate and do not experience booms and busts.

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Definitions:

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