Recall Application 2, "Two Approaches to Determining the Causes of Recessions

question 177

Multiple Choice

Recall Application 2, "Two Approaches to Determining the Causes of Recessions," to answer the following questions:
-According to the application, a recession caused by a decrease in aggregate supply occurred in:

• A) 1981
• B) 1929
• C) 1979
• D) All of the above were caused by a decrease in aggregate supply.