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The first two years of the Great Depression were dominated by
A) rightward shifts of the LM curve.
B) upward shifts of the SAS curve.
C) leftward shifts of the IS curve.
D) leftward shifts of the LM curve.
E) rightward shifts of the IS curve.
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At what level of L does the average product reach its maximum and does the total product curve have a region of increasing marginal returns?
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