According to the spending hypothesis an exogenous fall in spending on goods and services triggered the Great
Fantastic news! We've Found the answer you've been seeking!
Question:
According to the "spending hypothesis" an exogenous fall in spending on goods and services triggered the Great Depression in 1930. According to the competing "money hypothesis" the willingness of the Fed to permit a large fall in money stock triggered the Great Depression 1930. Use the IS/LM model developed in class and the data in the attached file to distinguish between these hypotheses. Which hypothesis do the data support?
Related Book For
Posted Date: