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Business, 20.04.2020 23:08 chevysilverado2377

In the late 1920s and early 1930s, the U. S. economy was caught in a downward spiral that would later become known as the Great Depression. Output and prices both plummet as unemployment skyrocketed and factories lay idle.

The following graph shows the aggregate demand (AD) and aggregate supply (AS) curves for the United States in 1929.

Shift one of the curves on the following graph to illustrate the impact of the Great Depression.

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