The 2007-2009 recession can be shown as a combination of a decline in aggregate demand and an increase in the short-run aggregate supply.

Name: The 2007-2009 recession can be shown as a combination of a decline in aggregate demand and an increase in the short-run aggregate supply.
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The 2007-2009 recession was primarily characterized by a significant decline in aggregate demand due to factors like the housing market collapse and financial crisis, not by an increase in short-run aggregate supply.

The 2007-2009 Recession Can Be Shown as a Combination of a Decline