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1
From 1929-1933, Real GDP fell x/3. Industrial output fell by x/2. Investment spending was (less than/greater than) the replacement rate. Consumer durables output fell by XX%.
RGDP - 1/3
Industrial output fell by 1/2
Investment spending < RR
Consumer durables fell by 80%
Industrial output fell by 1/2
Investment spending < RR
Consumer durables fell by 80%
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010