Which of the following statements best depicts laypeople's explanation of the Great Depression at that time?

Question

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During the Great Depression, a common explanation among laypeople was that an oversupply of goods had glutted the market. This perception was based on the observation that despite the abundance of products, there was a lack of purchasing power among consumers to buy these goods, leading to a stagnation in the economy.

Which of the Following Statements Best Depicts Laypeople's Explanation of the Great