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According to the Monetarist Interpretation of the Great Depression, what was the primary cause? What caused the decrease in M? Monetarists view the higher ratio of money to GDP as evidence of what?
Primary cause: Decline in M
banks surviving bank failure increased their reserve holdings.
High money to GDP ratio is evidence of hoarding.
banks surviving bank failure increased their reserve holdings.
High money to GDP ratio is evidence of hoarding.
Karteninfo:
Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 11.12.2010