When the money supply declined by approximately 30 percent during the 1929 through 1933 period,

A) real output increased.
B) the general level of prices increased.
C) the velocity of money increased by a proportional amount.
D) unemployment increased.

Money Supply

The aggregate value of all money assets within an economy at a given time.

Real Output

Real output refers to the goods and services produced by an economy, measured in physical terms, and adjusted for inflation to reflect true productivity and growth.

Velocity of Money

The rate at which money circulates in the economy, typically measured as the ratio of nominal GDP to the money supply, indicating the frequency of transactions.