Output and employment in the countries of Europe and North AmeruSft fell by huge amounts.

Question

Below is given a few features of a phenomenon.

• Output and employment in the countries of Europe and North AmeruSft fell by huge amounts. 
• Demand for goods was low. 
• Factories remain idle.

1. Identify the phenomena

2. Name the book that explained a solution for this crisis. 

3. Identify the branch of economics emerged after this

Answer 1

1. The great depression of 1929 

2. General theory of employment, interest, and money. 

3. Macro Economics