The Sequence of Events in a Recession Can Be Categorized $\rightarrow$

Multiple Choice

The sequence of events in a recession can be categorized as:

A) decreased spending $\rightarrow$ 0lower output $\rightarrow$ lower employment $\rightarrow$ lower income.
B) decreased spending $\rightarrow$ lower income $\rightarrow$ lower employment $\rightarrow$ lower output.
C) decreased spending $\rightarrow$ lower employment $\rightarrow$ lower income $\rightarrow$ lower output.
D) decreased spending $\rightarrow$ lower income $\rightarrow$ lower output $\rightarrow$ lower employment.