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The Decline in Consumer Spending During the 2007-2009 Recession Was

Question 122

Multiple Choice

The decline in consumer spending during the 2007-2009 recession was due in part to a decrease in disposable income. The decline in consumption resulting from the decline in disposable income caused a ________ the aggregate expenditure curve.


A) movement up along
B) movement down along
C) downward shift of
D) upward shift of

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