Experience Has Shown That,during Recessions,the ___________ Falls but the Price

question 105

Multiple Choice

Experience has shown that,during recessions,the ___________ falls but the price level ___________.This evidence ___________ the prediction of the AD-AS model.

• A) inflation rate;keeps rising;contradicts
• B) price level;keeps rising;supports
• C) output level;remains constant;contradicts
• D) inflation rate;remains constant;supports
• E) output level;remains constant;supports

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Definitions:

West Edmonton Mall

A large shopping mall in Edmonton, Alberta, known for being one of the largest in North America, featuring a wide variety of retail stores, entertainment, and attractions.

Theme Room

A room designed around a specific theme or concept, often seen in hotels, entertainment venues, or personal residences.

Growth Coalition

A group or alliance of interests, often spanning public and private sectors, aiming to promote economic growth within a city or region, typically through development projects and infrastructure investments.

Real Estate Developer

A real estate developer is a professional involved in the business of buying land, financing real estate deals, building or having buildings constructed, and then selling or leasing them.