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) .
-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
Correct Answer:

Verified
Correct Answer:
Verified
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