Use the Following Graph to Answer the Following Questions

question 92

Multiple Choice

Use the following graph to answer the following questions.This graph depicts an economy where aggregate demand has decreased,with no change in either short-run aggregate supply (SRAS) or long-run aggregate supply (LRAS) .

-During the Great Depression,the aggregate price level fell by 20 percent as depicted in the graph,suggesting that

• A) both aggregate demand and long-run aggregate supply decreased during the Great Depression.
• B) the primary cause of the Great Depression was a decrease in aggregate demand.
• C) aggregate demand decreased and long-run aggregate supply increased during the Great Depression.
• D) aggregate demand decreased and short-run aggregate supply increased during the Great Depression.
• E) long-run aggregate supply increased,whereas short-run aggregate supply decreased during the Great Depression.

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Definitions:

Cultural Gatekeeper

Individuals or organizations that have the power to control the flow of information and cultural materials to the public.

Creative Subsystem Member

An individual within an organization who is specifically involved in the creation and development of ideas, products, or advertising, contributing to the innovative output of the entity.

Culture Production Systems

are the frameworks and industries involved in creating, distributing, and promoting cultural products and meanings, such as music, art, and literature.

Social Vacuum

A hypothetical situation where social influences, pressures, or interactions are absent or minimized.