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THE AGGREGATE DEMAND/ SUPPLY MODEL

THE AGGREGATE DEMAND/ SUPPLY MODEL. The U.S. Great Depression. 1929-1939 Output fell by 30% Unemployment as high as 25% Prices declined 30% in the first four years Led to the development of modern macroeconomic theory Video. Before: Classical Economics.

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Las price - PowerPoint PPT Presentation

THE AGGREGATE DEMAND/ SUPPLY MODEL