Recession? O a) rising real estate values O b) a decrease in income tax rates Oc) an increase in consumer confidence Od) a decrease in production resources
Recession? O a) rising real estate values O b) a decrease in income tax rates Oc) an increase in consumer confidence Od) a decrease in production resources
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Which of the following caused aggregate demand to decrease during the Great
Recession?
a) rising real estate values
O b) a decrease in income tax rates
Oc) an increase in consumer confidence
O d) a decrease in production resources
O e) reduced wealth from falling stock prices](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd185e8bb-1c12-45bf-aecc-a32a0b26b696%2F2b2c9252-7c20-4203-87e2-95695922be3d%2F2hoj22_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following caused aggregate demand to decrease during the Great
Recession?
a) rising real estate values
O b) a decrease in income tax rates
Oc) an increase in consumer confidence
O d) a decrease in production resources
O e) reduced wealth from falling stock prices
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