During the Great Depression,aggregate Demand in the U

question 32

Multiple Choice

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

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

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Definitions:

Cognitive Dissonance

The psychological unease felt by a person who simultaneously maintains two or more conflicting beliefs, ideas, or values.

High Priority

A task, project, or issue that is deemed more important than others and thus requires immediate attention or action.

Evaluation

involves assessing or judging the value, quality, or performance of someone or something.

Instrumental Values

Values that are considered a means to an end, guiding how we achieve our terminal values or goals.