Explain why the length and severity of the great depression

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1. In which of the three market arenas is each of the following goods traded?

a. U.S. Treasury Bonds

b. An Amazon Kindle

c. A Harley-Davidson Softail motorcycle

d. The business knowledge of Dallas Mavericks’ owner Mark Cuban

e. Shares of Google stock

f. The crop-harvesting abilities of an orange picker in Florida

2. 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.

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

Reference no: EM13339970

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