Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506893
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter ST6, Problem 2CQ
To determine
The great depression of 1930s.
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Do the length and severity of the Great Depression reflect a defect in the operation of markets? Do they reflect a failure of government policy?
Write a short note on the Great Depression including its costs, consequences, and development of new macroeconomics?
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Ben Bernanke believes that Milton Friedman and Anna Schwartz’s explanation of the causes of the Great Depression were silly and wrong.
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Microeconomics: Private and Public Choice (MindTap Course List)
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