The Decrease in Short-Run Aggregate Supply During the Great Recession

question 53

Multiple Choice

The decrease in short-run aggregate supply during the Great Recession was caused by

• A) excessive consumer debt.
• B) miscalculation of the risk of subprime mortgages.
• C) the worldwide glut of savings.
• D) businesses that reduced their production capacity by closing plants and laying off workers.

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Definitions:

Instagram Feed

The stream of photos and videos posted by users or accounts a person follows on the Instagram platform.

Fraudulent Charges

Unauthorized transactions on a person’s bank account or credit card, typically resulting from theft or scam.

Local Applications

Software applications that are installed on and run from a user's local computing device rather than over the internet.

Browsing Data

Information that is accumulated as a result of internet browsing, including history, cookies, cache, and login details.