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Suppose we have the following information for the country of Alamgir-opolis run by President Shayan A. 2020 2021 2022 2023 Unemployment rate 10% 13% 17%
Suppose we have the following information for the country of Alamgir-opolis run by President Shayan A. 2020 2021 2022 2023 Unemployment rate 10% 13% 17% 20% Nominal interest rate 3.50% 2.75% 2.25% 1.75% Inflation rate -4.00% -5.50% -8.50% -12.50% Based on what you learned about the Great Depression, which of the following could you conclude from these numbers? Group of answer choices The economy is going great and should carry on without changing any policies at all Monetary policy can and should definitely be used to help fix the economy as the real interest rate is in fact very high A decrease in the money stock is definitely causing the economic downturn The Johnson Administration should cut government spending
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