The monetarist explanations of the Great Depression focus on
A)falls in the LM curve and aggregate demand.
B)falls in aggregate supply.
C)fall in the IS curve and aggregate demand..
D)falls in expectations and the expected price level.

Question

Quizplus · Accepted Answer

Monetarists argue that the Great Depression was largely due to a contraction in the money supply, which caused a leftward shift in the LM curve and a decrease in aggregate demand.

The Monetarist Explanations of the Great Depression Focus on