Which of the following caused aggregate demand to decrease during the Great Recession? a) plummeting world oil prices b) lower interest rates Oc) a decrease in the U.S. labor force O d) a decrease in income tax rates O e) reduced wealth from falling housing prices
Which of the following caused aggregate demand to decrease during the Great Recession? a) plummeting world oil prices b) lower interest rates Oc) a decrease in the U.S. labor force O d) a decrease in income tax rates O e) reduced wealth from falling housing prices
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Dynamic Change, Economic Fluctuations, And The Ad-as Model
Section: Chapter Questions
Problem 2CQ
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![Which of the following caused aggregate demand to decrease during the Great
Recession?
a) plummeting world oil prices
b) lower interest rates
Oc) a decrease in the U.S. labor force
d)
a decrease in income tax rates
O e) reduced wealth from falling housing prices](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85772cff-de2d-422d-a971-fb4f297a28b7%2Fafc56edb-8ca6-49ca-b89f-368497ad2fb2%2Fmcb6brh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following caused aggregate demand to decrease during the Great
Recession?
a) plummeting world oil prices
b) lower interest rates
Oc) a decrease in the U.S. labor force
d)
a decrease in income tax rates
O e) reduced wealth from falling housing prices
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