As a Result of a Sharp Decrease in Aggregate Demand

question 185

Multiple Choice

As a result of a sharp decrease in aggregate demand between 1929 and 1933,real GDP was _____ its 1929 level.

• A) 30% below
• B) 100% below
• C) 30% above
• D) 50% above

---

Definitions:

Voltage

The electrical potential difference between two points in a circuit, driving the flow of current.

Horsepower

A measure of power for electric and mechanical devices.

Electrical Power

The rate at which electrical energy is transferred by an electric circuit, typically measured in watts (W).

Velocity

Velocity is a vector quantity that represents the rate of change of an object's position with respect to time, including both speed and direction of movement.