The Global Financial Panic in September 2008 Which Led to a Sharp

Multiple Choice

The global financial panic in September 2008 which led to a sharp fall in business investment spending and consumer spending can be viewed as

A) a sharp decrease in aggregate supply
B) a sharp decrease in aggregate demand
C) a sharp decrease in both aggregate supply and aggregate demand
D) a modest increase in aggregate supply
E) no change in either aggregate supply or aggregate demand