An increase in aggregate output will typically result in a recession.

Name: An increase in aggregate output will typically result in a recession.
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This statement is incorrect. An increase in aggregate output typically implies an expansionary phase in the business cycle, which leads to economic growth and lower unemployment rates. A recession, on the other hand, is characterized by a contraction in output, rising unemployment, and falling economic activity.

An Increase in Aggregate Output Will Typically Result in a Recession