Multiple Choice
The 2007-2009 recession was caused by:
A) an increase in demand following a rapid increase in the money supply.
B) a drop in aggregate supply caused by a slowdown in productivity growth.
C) a decrease in supply caused by an increase in oil prices.
D) a decrease in aggregate demand triggered by a financial crisis.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: What problems will we face if world
Q58: (Figure: Determining Curves) <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3259/.jpg" alt="(Figure: Determining
Q111: The original Phillips curve shows the relationship
Q121: Credit default swaps<br>A) are a type of
Q133: Social Security payments rise according to the
Q158: What caused the housing boom of 2003
Q195: Collateralized debt obligations:<br>A) are mortgages whose interest
Q215: In effect, the Phillips curve framework implies
Q246: The cost of financing U.S. government debt
Q260: As inflationary expectations rise, the _ Phillips