Recall the Application about the factors involved in causing recessions, and the causes of recessions in the United States from 1893 to 1990 to answer the following question(s).
-Recall the Application. Recessions can occur either when there is a(n)________ in aggregate demand or a(n)________ in aggregate supply.
A) increase; increase
B) increase; decrease
C) decrease; decrease
D) decrease; increase

Question

Quizplus · Accepted Answer

Recessions can occur either when there is a decrease in aggregate demand or a decrease in aggregate supply.

Recall the Application About the Factors Involved in Causing Recessions