Explain why the length and severity of the great depression, Microeconomics

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Explain why the length and severity of the great depression

Problem

1. Assume that the demand for autoworkers declines significantly due to a decrease in demand for new automobiles. Explain what will happen to unemployment using both classical and Keynesian reasoning.

2. Explain why the length and severity of the Great Depression necessitated a fundamental rethinking of the operations of the macroeconomy.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain why the length and severity of the great depression

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Microeconomics: Explain why the length and severity of the great depression

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