Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.

-Refer to Figure 33-7.If the economy starts at Y,then a recession occurs at
A)V.
B)W.
C)X.
D)Z.

Question

Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.

-Refer to Figure 33-7.If the economy starts at Y,then a recession occurs at
A)V.
B)W.
C)X.
D)Z.

Quizplus · Accepted Answer

The Answer of Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.

-Refer to Figure 33-7.If the economy starts at Y,then a recession occurs at
A)V.
B)W.
C)X.
D)Z.

Pessimism Suppose the Economy Is in Long-Run Equilibrium. Then Because of of Corporate