Which of the following is not an explanation for the decline in autonomous expenditure that occurred in Australia during the Great Depression of the 1930s?
A) A decline in consumption due to a decline in wealth.
B) A decline in investment expenditures due to a lack of money and credit caused by a banking crisis.
C) A rise in export prices which made exports less attractive.
D) A decline in government spending.
Correct Answer:
Verified
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