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Instead of assuming that the macroeconomy would automatically recover from a recession, economists began to consider the possibility that modern market economies could fall into prolonged contractions and that government assistance would be necessary to pull them out.
The Great Depression affected economists' beliefs about the macroeconomy because it made them realize that the U.S. economy actually depends on the economies of countries around the world. Prior to this, the thought was that our economy was solely dependent on actions within the U.S.
Instead of assuming that the macroeconomy would automatically recover from a recession, economists began to consider the possibility that modern market economies could fall into prolonged contractions and that government assistance would be necessary to pull them out.
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How will the depression in the global economy affect the strategic planning in the organization?
How will the depression in the global economy affect the strategic planning in the organisation?
How did the great depression affect the farmers?
prices
How does religion affect the Philippines economy?
beliefs
How does these economic activities affect health?
it can cause depression and nervous breakdown.
How do the features of perfect competition and monopoly affect the outcomes of the market?
Economists use two sets of concepts to answer questions. First they apply efficiency concepts such as productive efficiency. Then they ask how perfect competition and monopoly affect the consumer.
When can postpartum depression affect you?
Postpartum depression can affect mothers even a couple of years after the birth of their child.
How did the Great Depression affect Belize?
how did the great depression affected Belize
How will the depression in the global economy affect the strategic planning in the organization?
How will the depression in the global economy affect the strategic planning in the organisation?
Does depression affect your grooming?
probably
Do early Jewish beliefs affect modern beliefs?
Almost certainly.
How are Asian dietary beliefs and practices may affect healthcare?
how are Asian dietary beliefs and practices may affect the healthcare
Can depression affect your sleep patterns?
yes
How did the great depression affect Poland?
Not much.
How did the Depression affect peoples confidence in democracy?
There is no answer
Do electronic cigarettes affect people with depression?
no
How did the great depression affect the farmers?
prices
Was the great depression the only depression to affect the US?
Once we finish this "recession" we will be calling the last few years the "Greater Depression".
