Based on the above, which figure shows the impact of a decrease in the population available to work?

John likes to buy cola every month. He prefers to spend $0.10 per can, but is willing to spend as much as $0.15 per can. Usually, a can of cola costs $0.12 . However, due to decreased demand, the price has dropped to $0.11 per can, increasing John's purchasing power. This is an example of the _____

a. income effect b. substitution effect c. accelerator effect d. wealth effect

The Great Recession started in ________ and ended in ________.

A. December 2007; March 2010 B. September 2008; March 2010 C. September 2008; June 2009 D. December 2007; June 2009