According to the Keynesians, the Great Depression was primarily caused by
A) the stock market crash of 1929, in which many people lost their life savings
B) an inactive Fed that did not respond adequately to the financial crisis that followed the stock market crash of 1929
C) a sharp reduction in consumption and investment spending accompanied by restrictive fiscal policies
D) large budget deficits that crowded out private spending as the government implemented a fiscal stimulus package
E) a collapse of the housing market followed by a financial crisis that made it difficult for businesses to get loans
Correct Answer:
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Q40: Which of the following did NOT happen
Q41: About how much of its value did
Q42: In the early 1930s interest rates were
Q43: During which year of the Great Depression
Q44: The monetarist explanation of the Great Depression
Q45: If you had $10,000 invested in the
Q47: Which of the following did NOT happen
Q48: Which of the following did NOT happen
Q49: Which of the following is FALSE?
A)in 1929,
Q50: Which of the following is TRUE?
A)during the
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