The Great Depression was primarily the result of
A) a decrease in aggregate demand.
B) an increase in aggregate demand.
C) disequilibrium.
D) an increase in aggregate supply.

Question

Quizplus · Accepted Answer

The Great Depression was primarily the result of a decrease in aggregate demand. This decrease was caused by a combination of factors such as a reduction in consumer spending, a decline in investment, and reductions in government spending. These factors led to a decrease in demand for goods and services, which resulted in a decrease in production and employment levels, eventually leading to the economic crisis.

The Great Depression Was Primarily the Result of