During the early years of the Great Depression, a study of the money aggregates reveals that:
A. The money multiplier was at an all-time high.
B. The money multiplier increased from 1929 right through the 1936.
C. The money multiplier actually decreased.
D. The money multiplier was constant from 1929 through 1936.
Answer:C
During the early years of the Great Depression, a study of the money aggregates reveals that:
A. The money multiplier was at an all-time high. B. The money multiplier increased from 1929 right through the 1936. C. The money multiplier actually decreased. D. The money multiplier was constant from 1929 through 1936.