Which of the following did not contribute to the decline in aggregate demand during 2007?
A)A commodity price shock
B)A drop in stock prices
C)A change in monetary policy
D)A drop in consumer confidence
E)A decrease in lending from banks

Question

Quizplus · Accepted Answer

A change in monetary policy is not typically associated with the decline in aggregate demand during 2007. The primary factors were related to the financial crisis, including a drop in stock prices, a decrease in lending from banks, and a drop in consumer confidence, rather than a direct result of a change in monetary policy at that time.

Which of the Following Did Not Contribute to the Decline