The Largest Single Shock to Aggregate Demand in U

question 103

Multiple Choice

The largest single shock to aggregate demand in U.S.history occurred in the early 1930s.What was it?

• A) the Dust Bowl
• B) the steep fall in capital investment
• C) unemployment rate rising to 20%
• D) a one-third drop in the money supply

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Definitions:

Hypophysis

Another term for the pituitary gland, a small, pea-sized gland located at the base of the brain, responsible for controlling various hormonal activities in the body.

Lethargic

A state of sluggishness, fatigue, or lack of energy, often as a result of illness or medical conditions.

Hyperkalemia

A condition characterized by an abnormally high concentration of potassium in the blood.

Androgen

A group of hormones that play a role in male traits and reproductive activity; examples include testosterone and androsterone.