Economics · Macroeconomics
According to John Maynard Keynes, unemployment during the Great Depression resulted primarily from which of the following macroeconomic factors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Wage inflexibility
- 2Monetary rigidity
- 3Deficient aggregate demand✓
- 4Excess aggregate demand
Correct answer
Deficient aggregate demand
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