During the Great Depression
1. the price level and GDP both fell.
2. the price level rose and GDP fell.
3. the price level fell and GDP was unchanged.
4. the price level was unchanged and GDP fell.
Answer: 1. the price level and GDP both fell.
During the Great Depression
1. the price level and GDP both fell.
2. the price level rose and GDP fell.
3. the price level fell and GDP was unchanged.
4. the price level was unchanged and GDP fell.
Answer: 1. the price level and GDP both fell.