Question

How much did national output fall during the Great Depression? According to the chapter, which government agency might have helped to avoid much of the Great Depression had it acted more quickly and appropriately?

Answer 1

The US Federal Reserve

Explanation:

US Federal Reserve is a central bank of the US. it was funded the state govt. of the US for the country safer, flexible, and more stable and financial system. The bank role has been expanded over the year. The board of governors based in Washington DC. It consists of seven governor appointed by the president and confirmed by the senate. It analyzes economic and financial conditions and makes a committee to study the current questions. The board member has to testify in front of congress and they have to maintain regular contact with other organizations. This organization support financial help to APA for people health concern and research.