When aggregate demand decreases rapidly, the economy is likely to experience
A. inflation.
B. an economic boom.
C. economic growth.
D. recession.
Answer: D
Economics
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On average, in the recessions since 1950, it has taken ________ for employment to return to its cyclical peak
A) about 6 months B) about 1 year C) about 18 months D) almost 2.5 years
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A competitive strategy is
A) is the development of a price fixing arrangement. B) the development of a distinctive capability. C) a rent-seeking strategy. D) a path to accounting profits.
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