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During the great depression , our unemployment has been consistently higher than normal, real GDP was:...

During the great depression , our unemployment has been consistently higher than normal, real GDP was: ( choose one)

a) decreasing over time

b) increasing over time

c) higher than potential real GDP

d) lower than potential nominal GDP

e) lower than potential real GDP

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Answer #1

During the great depression, the unemployment rate was higher than normal and also the real GDP was a) decreasing over time. Infact the real GDP decreased by 25 percent over this timeline during the great depreciation and what happened then was a mystery. Also there was a decrease of prices during this time.

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