Figure 17-1 -Refer to Figure 17-1. The Great Depression began with a shift of A) AD₂ to AD₁. B) AD₁ to AD₂. C) SRAS₂ to SRAS₁. D) Y_P to Y_k.

Question

Quizplus · Accepted Answer

The Great Depression began with a shift of AD2 to AD1. This is because a decrease in aggregate demand (AD) leads to a decrease in output and employment, which is what happened during the Great Depression.

Figure 17-1 -Refer to Figure 17-1. the Great Depression Began with a Began