In 1939, with the U.S. economy not yet fullyrecovered from the Great Depression, PresidentFranklin Roosevelt proclaimed that Thanksgivingwould fall a week earlier than usual so that theshopping period before Christmas would be longer.(The policy was dubbed “Franksgiving.”) Explainwhat President Roosevelt might have been trying toachieve, using the model of aggregate demand andaggregate supply
In 1939, with the U.S. economy not yet fullyrecovered from the Great Depression, PresidentFranklin Roosevelt proclaimed that Thanksgivingwould fall a week earlier than usual so that theshopping period before Christmas would be longer.(The policy was dubbed “Franksgiving.”) Explainwhat President Roosevelt might have been trying toachieve, using the model of aggregate demand andaggregate supply
Chapter8: Macroeconomic Equilibrium: Aggregate Demand And Supply
Section: Chapter Questions
Problem 20E
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In 1939, with the U.S. economy not yet fully
recovered from the Great Depression, President
Franklin Roosevelt proclaimed that Thanksgiving
would fall a week earlier than usual so that the
shopping period before Christmas would be longer.
(The policy was dubbed “Franksgiving.”) Explain
what President Roosevelt might have been trying to
achieve, using the model of aggregate
aggregate supply
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