During the Great Depression,aggregate Demand in the U

question 54

Multiple Choice

During the Great Depression,aggregate demand in the U.S.economy decreased.As a result,the unemployment rate ________ and real gross domestic product (GDP) ________.

• A) increased; decreased
• B) decreased; remained unchanged
• C) increased; increased
• D) decreased; decreased
• E) remained unchanged; increased

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Definitions:

Negotiable Instrument

A negotiable instrument is a written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Promissory Note

A monetary document featuring a guarantee from one party to transfer a fixed sum of money to another party, either upon request or at a designated time in the future.

Bills Of Exchange Act

Legislation that regulates the creation, endorsement, and management of bills of exchange, promissory notes, and cheques.

Endorsement

A formal expression of approval or support, often used in the context of public figures promoting products or in documents to signify agreement.