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According to aggregate demand and supply analysis,the rising oil prices coupled with the subprime financial crisis in 2007-2008 caused the unemployment rate to ________ and the level of real aggregate output to ________.
Critical Thinking
The intellectual discipline of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication.
Analytical
Pertaining to the systematic examination and evaluation of data or information, often by breaking it into its component parts to uncover their interrelationships.
Destructive
Causing great and irreparable harm or damage.
Closed Society
A society that is isolated from others and often restrictive in terms of its social, cultural, or political life.
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