Multiple Choice
Which of the following factors contributed to the sharp reduction in aggregate demand during the Great Depression?
I. reduction in wealth
II. reduction in net exports
III. a financial crisis that reduced money supply
IV. tax increases
A) I and III only
B) I, III, and IV only
C) I, II, and III only
D) I, II, III, and IV
Correct Answer:
Verified
Correct Answer:
Verified
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