Recall the Application About the Factors Involved in Causing Recessions

Multiple Choice

Recall the Application about the factors involved in causing recessions, and the causes of recessions in the United States from 1893 to 1990 to answer the following question(s) .
-According to this Application, the recessions in 1973 and 1979 were caused by

A) supply shocks.
B) deflation.
C) foreign monetary developments.
D) arbitrage losses in the foreign exchange market.