The principal cause of the Great Depression of the 1930s was
A) a collapse in aggregate demand.
B) a collapse in aggregate supply.
C) a collapse in the average price level.
D) a collapse in government spending.
E) the outbreak of the Second World War.
Correct Answer:
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Q48: Which of the following will cause a
Q49: Classical economists and monetarists perceive
A)investors' expectations about
Q50: We would expect the aggregate demand curve
Q51: According to the classical economists,an increase in
Q52: Unintended inventory changes
A)precipitate explosive inflations of highly
Q54: Which of the following is incorrect?
A)As the
Q55: Suppose our economy is in macroeconomic equilibrium
Q56: The aggregate demand curve shows a(n)
A)positive relationship
Q57: Classical economists believed that
A)if saving exceeded investment,prices
Q58: A curve depicting the relationship between the
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