Why is only the 1929 contraction qualified as depression among all the recessions that the U.S. has

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Why is only the 1929 contraction qualified as depression among all the recessions that the U.S. has experienced?

How did the economic aggregates—real consumption and real investment—co-move with real GDP from 1929 to 1939?

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Economics

ISBN: 287201

6th Global Edition

Authors: Daron Acemoglu, David Laibson, John A. List

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Question Posted: Nov 18, 2024 02:00 AM

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Why is only the 1929 contraction qualified as depression among all the recessions that the U.S. has

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Economics

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