According to monetarists, the Great Depression in the United States largely resulted from inappropriate monetary policy. This is because the Federal Reserve, the central bank of the United States, failed to provide enough liquidity to the economy during the Great Depression. This lack of liquidity led to a decrease in lending and investment, which in turn led to a decrease in economic activity.
Excessive imports relative to exports, significant changes in technology and resources availability, and excessive exports relative to imports are not the main causes of the Great Depression according to monetarists.
Excessive imports relative to exports can lead to a trade deficit, which can have a negative impact on the economy. However, this is not the main cause of the Great Depression.
Significant changes in technology and resources availability can lead to economic disruption. However, this is not the main cause of the Great Depression.
Excessive exports relative to imports can lead to a trade surplus, which can have a positive impact on the economy. However, this is not the main cause of the Great Depression.
In conclusion, according to monetarists, the Great Depression in the United States largely resulted from inappropriate monetary policy.