An economy is in a deflationary recession when _____.
A) consumption increases
B) aggregate demand falls
C) aggregate supply decreases
D) investment increases
Correct Answer:
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Q46: The Organisation for Economic Co-operation and Development
Q47: A situation where both national output and
Q48: The long-run aggregate supply curve is _.
A)
Q49: If there is a fall in national
Q50: In an inflationary recession, _.
A) national output
Q52: Firms that _ are likely to be
Q53: The following figure shows the business cycle
Q54: During a recession, which of the following
Q55: The following figure shows the business cycle
Q56: Firms' manufacturing costs increase substantially due to
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