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Monetarist economists argue that the Great Depression which began in the United States in 1929 was the result of monetary factors, while Keynesians attribute the
Monetarist economists argue that the Great Depression which began in the United States in 1929 was the result of monetary factors, while Keynesians attribute the collapse to real (or non-monetary) factors. Discuss the real and monetary factors which have been cited as causes of the Depression.
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