The Best Explanation for the Recent Economic Fluctuations Observed in the U.S

Multiple Choice

The best explanation for the recent economic fluctuations observed in the U.S. economy is

A) one leftward shift of the aggregate demand curve, followed by price adjustment, followed by one rightward shift of the aggregate demand curve, followed by price adjustment.
B) one leftward shift of the aggregate demand curve followed by multiple shifts in the inflation adjustment line.
C) one rightward shift of the aggregate demand curve, followed by price adjustment, followed by one leftward shift of the aggregate demand curve, followed by price adjustment.
D) one rightward shift of the aggregate demand curve followed by multiple shifts in the inflation adjustment line.
E) one leftward shift of the aggregate demand curve followed by one rightward shift.