Use the image below to explain what happened to aggregate supply and demand during the Great Depression.
Definitions:
Budgeted Data
Budgeted data refers to financial projections or estimates for future periods, often used for planning and controlling purposes.
Production Needs
The requirements or resources necessary for the production process, including materials, labor, and machinery.
Raw Materials
Basic materials and substances that are used in the production process to create goods, ranging from metals and chemicals to grains and plastics.
Selling and Administrative Expense
Costs indirectly related to the production of goods or services, including marketing, management, and office expenses.
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