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