Multiple Choice
Use the following graph to answer the following questions.This graph depicts an economy where aggregate demand has decreased,with no change in either short-run aggregate supply (SRAS) or long-run aggregate supply (LRAS) .
-Which of the following would have caused aggregate demand to decrease in the graph,such as occurred during the Great Depression?
A) an increase in the money supply
B) a decrease in tax rates
C) a decrease in expected income
D) an increase in consumer sentiment
E) a decrease in savings
Correct Answer:
Verified
Correct Answer:
Verified
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