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Which statements below are TRUE? (Choose one or more.) A Most explanations for the Great Depression (early 1930s) center on a large decline in aggregate
Which statements below are TRUE? (Choose one or more.) A Most explanations for the Great Depression (early 1930s) center on a large decline in aggregate demand. B Milton Friedman points to the rapid contraction of the money supply to explain the decline in aggregate demand. C Other economists in the Keynesian tradition point to the Great Crash of October 1929 when stock prices collapsed and in response households cut consumption spending. D The large fall in real GDP was accompanied by a large rise in unemployment. E Shorter time lags between policy implementation and the response of economic agents to policy changes likely assist the federal government in achieving macroeconomic stability
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