You Can Generally Distinguish an Aggregate Supply-Caused Recession from an Aggregate

question 186

Multiple Choice

You can generally distinguish an aggregate supply-caused recession from an aggregate demand-caused recession because

• A)real GDP will rise in an aggregate supply recession.
• B)the price level will fall in an aggregate supply recession.
• C)the price level will fall in an aggregate demand recession.
• D)real GDP will rise in an aggregate demand recession.

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Definitions:

Longitudinal Study

A research method that involves repeated observations of the same variables over short or long periods of time.

Arranged Marriages

Marital unions where the partners are selected by individuals other than the ones getting married, often by family members.

Love Marriages

denote marital unions based primarily on romantic love between partners, as opposed to arranged marriages.

Consummate Love

Sternberg argues that this is the ultimate form of love, involving passion, intimacy, and commitment.