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Use the Following Graph to Answer the Following Questions

Question 135

Multiple Choice

Use the following graph to answer the following questions.The graph depicts an economy where aggregate demand and long-run aggregate supply (LRAS) have decreased,with no change in short-run aggregate supply (SRAS) .
Use the following graph to answer the following questions.The graph depicts an economy where aggregate demand and long-run aggregate supply (LRAS) have decreased,with no change in short-run aggregate supply (SRAS) .    -The graph accurately summarizes what happened during the Great Recession,because during that time,the price level ________ and real gross domestic product (GDP) ________. A)  decreased; decreased B)  increased; increased C)  remained largely unchanged; decreased D)  decreased; remained unchanged E)  remained unchanged; increased
-The graph accurately summarizes what happened during the Great Recession,because during that time,the price level ________ and real gross domestic product (GDP) ________.


A) decreased; decreased
B) increased; increased
C) remained largely unchanged; decreased
D) decreased; remained unchanged
E) remained unchanged; increased

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