Which of the following does not occur with a supply-led recession a. Prices fall b. Unemployment...
Question:
Which of the following does not occur with a supply-led recession
a. Prices fall
b. Unemployment rises
c. income falls
d. AS shifts to the left
e. Prices rise
Recession
Recession marks the end of the economic cycle that is characterized by negative gross domestic product (GDP), high unemployment, and a deflationary period where the prices go down in order to clear the supply of a good in the market.
Answer and Explanation: 1
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View this answerIf a recession is caused by a supply concern or generally called as a supply shock, characterized by a sudden increase or decrease in the supply of...
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What is Economic Recession? - Definition, Causes & Effects
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Chapter 10 / Lesson 12
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What is a recession? What causes a recession? Learn about the concept of an economic recession. Read about the impacts of recessions and see a list of recessions.
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