Based on the discussion in the textbook,the Great Depression was caused by:
A) only aggregate demand shocks.
B) only real shocks.
C) neither aggregate demand shocks nor real shocks.
D) both aggregate demand shocks and real shocks.

Question

Quizplus · Accepted Answer

The Great Depression was caused by both aggregate demand shocks (such as a decrease in consumer spending and investment) and real shocks (such as an increase in oil prices and a decrease in productivity).

Based on the Discussion in the Textbook,the Great Depression Was