The recession of the early 1990s, which followed a period of sustained prosperity, can best be explained as resulting from
a. cost-push inflation
b. a decrease in aggregate demand
c. a decrease in aggregate supply
d. stagflation
e. too many speculative real estate deals
B
Economics
You might also like to view...
Who suffers primarily when the federal government has to bail out a financial intermediary through the deposit insurance system?
A) the bank officers B) the taxpayers C) the bank shareholders D) the U.S. Treasury
Economics
Is there any way to conduct fiscal policy and avoid the lags involved with discretionary policy?
Economics