Which of the following factors contributed to the sharp reduction in aggregate demand during the Great Depression?
I. reduction in wealth
II. reduced consumer confidence
III. tax increases
IV. an expansionary monetary policy that caused inflation
A) I and II only
B) I and IV only
C) I, II, and III only
D) I, II, and IV only

Question

Which of the following factors contributed to the sharp reduction in aggregate demand during the Great Depression? 
I. reduction in wealth
II. reduced consumer confidence
III. tax increases
IV. an expansionary monetary policy that caused inflation
A) I and II only
B) I and IV only
C) I, II, and III only
D) I, II, and IV only

Quizplus · Accepted Answer

The Answer of Which of the following factors contributed to the sharp reduction in aggregate demand during the Great Depression? 
I. reduction in wealth
II. reduced consumer confidence
III. tax increases
IV. an expansionary monetary policy that caused inflation
A) I and II only
B) I and IV only
C) I, II, and III only
D) I, II, and IV only

Which of the Following Factors Contributed to the Sharp Reduction