How did the Great Depression affect economists' beliefs about the macroeconomy?

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Business

Branden Reeves

9 May, 13:29

How did the Great Depression affect economists' beliefs about the macroeconomy?

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Kameron Guzman · Answer 1

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.