Multiple Choice
Recall the Application about the factors involved in causing recessions, and the causes of recessions in the United States from 1893 to 1990 to answer the following question(s) .
-According to this Application, the recession of 1929 was primarily due to
A) a decrease in aggregate demand caused by the private sector.
B) a decrease in aggregate demand resulting from decreases in government spending.
C) a decrease in aggregate supply due to rising gold prices.
D) an increase in aggregate supply resulting from European bank collapses.
Correct Answer:
Verified
Correct Answer:
Verified
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