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Which of the following factors contributed to the sharp reduction in aggregate demand during the Great Depression?
I. reduction in wealth
II. reduced consumer confidence
III. tax increases
IV. an expansionary monetary policy that caused inflation
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Psychological Process
Mental functions and activities related to an individual's thoughts, feelings, perceptions, reasoning processes, and understanding of themselves and the world.
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The set of behavioral, mental, and physical processes that occur as an organism attempts to deal with an environmental event or a stimulus that it perceives as threatening.
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