Which of the following factors contributed to the sharp reduction in aggregate demand during the Great Depression?
I. reduction in wealth
II. reduction in net exports
III. a financial crisis that reduced money supply
IV. tax increases
A) I and III only
B) I, III, and IV only
C) I, II, and III only
D) I, II, III, and IV

Question

Which of the following factors contributed to the sharp reduction in aggregate demand during the Great Depression? 
I. reduction in wealth
II. reduction in net exports
III. a financial crisis that reduced money supply
IV. tax increases
A) I and III only
B) I, III, and IV only
C) I, II, and III only
D) I, II, III, and IV

Quizplus · Accepted Answer

All listed factors contributed to the reduction in aggregate demand during the Great Depression: a reduction in wealth, a reduction in net exports, a financial crisis that reduced the money supply, and tax increases.

Which of the Following Factors Contributed to the Sharp Reduction