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Loraine Loraine
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8 years ago
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.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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Loraine Author
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8 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
IvanaVR
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Correct Slight Smile TY
SupremeDJ
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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