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What caused the Great Depression?
Business Cycle
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Business Cycle ,[object Object]
Durable Goods ,[object Object],[object Object],[object Object],[object Object],[object Object]
Capital Goods ,[object Object],[object Object],[object Object],[object Object]
How the Business Cycle Works ,[object Object],[object Object]
How the Business Cycle Works ,[object Object],[object Object]
How the Business Cycle Works ,[object Object],[object Object],[object Object],[object Object]
Business Cycle
Historical Application – 1920s ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
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Historical Application – 1920s ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Three Possible Explanations
Keynesian Explanation ,[object Object],[object Object]
Monetarist Explanation ,[object Object]
International Explanation ,[object Object],[object Object]
Keynesian Explanation ,[object Object],[object Object],[object Object]
Keynesian Explanation ,[object Object]
Keynesian Explanation ,[object Object],[object Object],[object Object],[object Object]
Monetarist Explanation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Monetarist Explanation ,[object Object],[object Object]
Monetarist Explanation ,[object Object]
Monetarist Explanation ,[object Object],[object Object],[object Object]
Internationalist Explanation ,[object Object],[object Object],[object Object]
Internationalist Explanation ,[object Object],[object Object],[object Object]
Internationalist Explanation ,[object Object],[object Object]
Internationalist Explanation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Internationalist Explanation ,[object Object],[object Object]
Internationalist Explanation ,[object Object],[object Object],[object Object]
Other Contributing Factors ,[object Object],[object Object],[object Object],[object Object]
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