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What Were the Causes of the Great Depression? How Did

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What were the causes of the Great Depression? How did the European states respond to the Great Depression?


Definitions:

Output

The quantity of goods or services produced in a given time period by a firm, industry, or country.

Production Function

A mathematical model that describes the relationship between input resources and the output of goods or services produced.

Inputs

Resources used in the production process to generate outputs, including labor, capital, and materials.

Output

The total amount of something produced by a person, machine, or industry.

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