When the U

question 154

Multiple Choice

When the U.S.aggregate demand curve shifted to the left during the Great Depression,

• A) tax rates decreased.
• B) real gross domestic product (GDP)increased.
• C) the price level increased.
• D) the money supply increased.
• E) real gross domestic product (GDP)decreased.

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Definitions:

New York Stock Exchange

One of the largest stock exchanges in the world located at Wall Street, New York, where securities are bought and sold.

Tokyo Stock Exchange

A major stock market exchange in Japan, serving as a hub for the trading of stocks, bonds, and other securities.

Financial Assets

Stocks and bonds. More generally a document giving its owner a claim to certain future cash flows. Stocks base that claim on ownership (equity), while bonds base it on debt. Also called a security.

Future Cash Flows

Projected financial gains or losses for a specific period in the future.