The Manipulation of Spending to Influence Aggregate Demand Was First

question 5

Multiple Choice

The manipulation of spending to influence aggregate demand was first put forward because:

• A) the classical view of flexible prices and wages did not necessarily hold in reality.
• B) unemployment often remained stubbornly high for too long during and after a
• Depression.
• C) inflation was extremely high during the Great Depression.
• D) the classical view of flexible prices and wages did not necessarily hold in reality and unemployment often remained stubbornly high for too long during and after a
• Depression.

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Definitions:

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A new entity formed through the combination or acquisition of two or more companies, which may result in various financial and operational synergies.

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