The U.S.recession of 2007-2009 provides a good example of
A)demand-pull inflation.
B)cost-push inflation.
C)a recessionary expenditure gap.
D)the repercussions of hyperinflation.

Question

Quizplus · Accepted Answer

The U.S. recession of 2007-2009 was characterized by a significant decrease in aggregate demand, leading to a recessionary expenditure gap where actual GDP was below potential GDP.

The USRecession of 2007-2009 Provides a Good Example of