Figure 19-6
-Refer to Figure 19-6.Europe suffers a recession.Assuming all else remains constant,this would be represented as a movement from ________.

Question

Figure 19-6 
-Refer to Figure 19-6.Europe suffers a recession.Assuming all else remains constant,this would be represented as a movement from ________.

Quizplus · Accepted Answer

A recession is a period of economic decline characterized by a decrease in gross domestic product (GDP) for two or more consecutive quarters. This would cause a movement from a point of relatively high GDP (C) to a point of lower GDP (D). All other points on the graph represent even lower levels of GDP than point D. Therefore, the movement would be from point C to point D.

Figure 19-6 -Refer to Figure 19-6.Europe Suffers a Recession.Assuming All Else Remains