According to Application 5.2, "What's Causing the Economy to Change?,"which of the following is a past explanation for why an economy would slip into a recession?
A) Sunspots.
B) Conspiracies by people interested in damaging the economy.
C) People going through waves of pessimism, which cause the economy to contract.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the options listed (A: Sunspots, B: Conspiracies, C: Waves of pessimism) have been historical explanations for why an economy might enter a recession, reflecting the variety of theories that have been proposed over time to explain economic downturns.