A Deep Recession Hits the World Economy,and Real GDP in the Rest

question 172

Multiple Choice

A deep recession hits the world economy,and real GDP in the rest of the world decreases.In the United States,

• A)aggregate supply and aggregate demand both increase,and the price level rises.
• B)aggregate supply decreases while aggregate demand does not change,and the price level rises.
• C)aggregate demand decreases while aggregate supply does not change,and the price level falls.
• D)aggregate supply increases and aggregate demand decreases,so the effect on the price level is uncertain.
• E)aggregate supply and aggregate demand both decrease,and the price level rises.

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Definitions:

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Boolean Logic

A branch of algebra that uses variables and operators (AND, OR, NOT) to express logical representations and operations.

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