Which of the Following Is One Reason for the Decline

question 77

Multiple Choice

Which of the following is one reason for the decline in aggregate demand that led to the recession of 2008-2009?

• A)falling oil prices
• B)increases in housing prices
• C)the U.S.financial crisis
• D)a decline in government spending
• E)a shrinking Canadian labour force

---

Definitions:

Unemployed

Refers to individuals who are without a job but are available for and seeking employment.

Labor Force

The total number of people who are eligible and able to work, including both the employed and those seeking employment.

Discouraged Workers

People without jobs who have given up looking for work.

Recovery Phase

A stage in the economic cycle where activity is picking up and the economy grows after a recession or downturn.