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Conservatives Argue That the Depression of the 1930s Would Have

Question 13

Multiple Choice

Conservatives argue that the Depression of the 1930s would have been a "normal" business cycle if


A) people had a higher propensity to save.
B) the Federal Reserve Board had not raised interest rates.
C) aggregate demand had fallen.
D) Americans had a stronger work ethic.
E) None of the above.
F) All of the above.

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