Prior to all recessions since 1900,there has been a drop in

Question

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The growth rate of the money stock has dropped prior to all recessions since 1900. This is because a decrease in the growth rate of the money supply can lead to a decrease in aggregate demand, which can lead to a recession. The other options may or may not have also decreased prior to a recession, but the drop in the growth rate of the money stock is the most consistent indicator.

Prior to All Recessions Since 1900,there Has Been a Drop