Great Depression
This 1929 event triggered the economic collapse.
What is the Wall Street Crash?
This economist argued government should intervene during recessions.
Who is John Maynard Keynes?
Total spending across the economy is called this.
What is aggregate demand?
This global economic crisis led to mass unemployment and deflation.
What is the Great Depression?
This economist believed markets self-correct without interference.
Who is Friedrich von Hayek?
This term describes how emotions influence economic behavior.
What are animal spirits?
One major economic symptom during this period was falling prices, also known as this.
What is deflation?
This was the main debate between key economists duringThe Great Depression.
What is the role of government in the economy?
This paradox explains why saving more in a recession can make it worse.
What is the Paradox of Thrift?