Which of the following did not contribute to the severity of the Great Depression?
A) a sharp reduction in the money supply during the early 1930s
B) a large tax increase (to balance the budget) in the early 1930s
C) substantial increases in the tariff rates on imported goods
D) a reduction in government expenditures and a substantial cut in personal income tax rates during 1932 and again in 1936

Question

Quizplus · Accepted Answer

A reduction in government expenditures and a substantial cut in personal income tax rates would have likely stimulated economic growth and alleviated some of the severity of the Great Depression.

Which of the Following Did Not Contribute to the Severity