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    Macroeconomics Study Set 48
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    Exam 12: Aggregate Demand and Aggregate Supply
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    When Demand Declined in the Great Depression of 1929-1933, the GDP
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When Demand Declined in the Great Depression of 1929-1933, the GDP

Question 88

Question 88

Multiple Choice

When demand declined in the Great Depression of 1929-1933, the GDP deflator:


A) increased by 15%.
B) increased by 26%.
C) decreased by 15%.
D) decreased by 26%.

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