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  3. Macroeconomics Study Set 48
  4. Quiz 12: Aggregate Demand and Aggregate Supply

When Demand Declined in the Great Depression of 1929-1933, the Gdp

Question 72
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%.

Related questions
Q 73
During the Great Depression, the United States moved to the _____ along its _____ curve. A) right; aggregate demand B) right; short-run aggregate supply C) left; aggregate demand D) left; short-run aggregate supply
Q 74
The aggregate supply curve shows the relationship between the _____ and the quantity of aggregate output supplied. A) price of oil B) aggregate price level C) price of money D) level of employment
Q 75
The aggregate supply curve shows the relationship between the aggregate price level and the aggregate: A) output supplied. B) money supply. C) unemployment rate. D) employment.
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