In the United States,because shipping plays such an important role in the economy,declines in cargo volumes reflect
A) increases in short-run aggregate supply.
B) increases in inflation.
C) declines in aggregate demand.
D) decreases in long-run aggregate supply.

Question

Quizplus · Accepted Answer

Declines in cargo volumes indicate a decrease in demand for goods and services, which leads to a decrease in overall economic activity. This suggests a decrease in aggregate demand.

In the United States,because Shipping Plays Such an Important Role