Multiple Choice
The 2008-2009 recession must have been a result of ________ because otherwise the combination of the ________ cannot be explained.
A) a decrease in AD and an increase in AS;fall in the price level and the decrease in real GDP
B) a decrease in AD and an increase in AS;rise in the price level and the decrease in real GDP
C) an increase in AD and AS;rise in the price level and the decrease in real GDP
D) a decrease in AD and AS;rise in the price level and the decrease in real GDP
E) a decrease in AD and AS;decrease in the price level and the decrease in real GDP
Correct Answer:
Verified
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