Question 11 Which of the following was NOT observed during the Great Depression? There was inflation in many countries Most of the consumers and firms in the USA cut back on their spending due to...

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Extracted text: Question 11 Which of the following was NOT observed during the Great Depression? There was inflation in many countries Most of the consumers and firms in the USA cut back on their spending due to pessimism about the future A lot of banks collapsed because households and corporations were not able to pay back their debts There was a sharp decline in GDP and an increase in unemployment rate in many countries.