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26-10-2020
History

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What was the GDP Price Deflator in the 1920s?

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zdbri295 zdbri295

26-10-2020

Answer: The behavior of Prices

Explanation:

The behavior of prices contributed to the naming of this recession “the Depression of 1921,” as the implicit price deflator for GNP fell 16 percent and the Bureau of Labor Statistics wholesale price index fell 46 percent between 1920 and 1921.

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