On October 24,1929,the stock market crashed.By the end of the year,over $40 billion of wealth had vanished.Which of the following indicates the appropriate change in the U.S.economy?

Question

Quizplus · Accepted Answer

A stock market crash typically leads to a decrease in consumer confidence and spending. As a result, aggregate demand shifts to the left, indicating a decrease in demand for goods and services. This shift is typically followed by a decrease in output and employment, leading to a recession or even a depression. Therefore, option C is the most appropriate choice.

On October 24,1929,the Stock Market Crashed