Which of the Following Would Cause a Recession

question 15

Multiple Choice

Which of the following would cause a recession?

• A) The long-run aggregate supply curve shifts rightward.
• B) The aggregate demand curve shifts rightward.
• C) The short-run aggregate supply curve shifts leftward.
• D) The price level increases.

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Definitions:

Simple ANOVA

A statistical method used to compare the means of three or more samples to determine if they come from the same population.

Factorial ANOVA

A statistical test used to evaluate whether there are any significant differences between the means of three or more groups for two or more factors simultaneously.

Main Effects

The immediate effect that an independent variable has on a dependent variable within an experimental setup.

Factorial ANOVA

A statistical analysis used to examine the effects of two or more categorical independent variables on one continuous dependent variable.