What happened to unemployment, prices, and output during the Great Depression of the early 1930s?
A) Unemployment and prices increased while output decreased.
B) Unemployment increased while output and prices decreased.
C) Unemployment and prices decreased while output increased.
D) Unemployment and output decreased while prices increased.

Question

What happened to unemployment, prices, and output during the Great Depression of the early 1930s?  
A) Unemployment and prices increased while output decreased. 
B) Unemployment increased while output and prices decreased. 
C) Unemployment and prices decreased while output increased. 
D) Unemployment and output decreased while prices increased.

Quizplus · Accepted Answer

During the Great Depression of the early 1930s, unemployment increased while output and prices decreased. This was due to a decrease in demand for goods and services, which led to a decrease in production and employment. Additionally, deflationary policies and a contraction of the money supply led to a decrease in prices.

What Happened to Unemployment, Prices, and Output During the Great