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59
According to the Keynesian Interpretation of the GD, what was the primary cause?
A sudden decline in Consumption (and or Investment spending) caused by the decline in the consumer durables and agricultural sectors.
Basically, the decline in M was a symptom rather than a cause of the GD.
Basically, the decline in M was a symptom rather than a cause of the GD.
Karteninfo:
Autor: savhighsmith
Oberthema: Economics
Thema: History of Economics
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 11.12.2010