This flashcard is just one of a free flashcard set. See all flashcards!
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.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010