During the early years of the Great Depression, the monetary base and M2:
A. Both increased significantly.
B. Both decreased significantly.
C. M2 increased while the monetary base decreased.
D. The monetary base increased but M2 decreased.
Answer:D
During the early years of the Great Depression, the monetary base and M2:
A. Both increased significantly. B. Both decreased significantly. C. M2 increased while the monetary base decreased. D. The monetary base increased but M2 decreased.