Which of the Following Most Accurately Describes the Behavior of the U.S

question 29

Multiple Choice

Which of the following most accurately describes the behavior of the U.S. economy during the 2001 recession?

• A)Aggregate demand fell as business investment declined while aggregate supply rose as a result of continued productivity growth.
• B)Aggregate demand fell primarily as a result of reduced consumption while aggregate supply increased due to continued growth in productivity.
• C)Aggregate demand fell due to a reduction in business investment while aggregate supply declined due to a reduction in productivity.
• D)Aggregate demand fell due to the bursting of the housing bubble while aggregate supply fell due to slower productivity growth.

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Definitions:

Human Services

A field focused on meeting human needs through an interdisciplinary knowledge base, focusing on prevention as well as remediation of problems, and maintaining a commitment to improving the overall quality of life of service populations.

Incidence Rate

The frequency at which a new event, such as an illness or accident, occurs within a specific population during a given time period.

Work-related Injuries

Injuries that occur in the course of employment, often covered by workers' compensation insurance.

Physical Environment

The tangible, physical surroundings in which an organism or community lives, works, or spends time.