The 2008-2009 recession must have been a result of ________ because otherwise the combination of the ________ cannot be explained

A) a decrease in AD and an increase in AS; rise in the price level and the decrease in real GDP
B) a decrease in AD and AS; rise in the price level and the decrease in real GDP
C) a decrease in AD and AS; decrease in the price level and the decrease in real GDP
D) a decrease in AD and an increase in AS; fall in the price level and the decrease in real GDP
E) an increase in AD and AS; rise in the price level and the decrease in real GDP


B

Economics

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