Question

Which of the following could have caused a change in real GDP and unemployment like the one experienced in the first two years of the Great Recession? Choose one: A. a decrease in consumer confidence and a decrease in financial market stability. B. an increase in consumer incomes and a decrease in U.S. crop production. C. a decrease in the value of the dollar and a decrease in the expected price level. D. a decrease in consumer wealth and an increase in technology.

Answer 1

A. a decrease in consumer confidence and a decrease in financial market stability.

Step-by-step explanation:

A. a decrease in consumer confidence and a decrease in financial market stability.

can cause a change in real GDP and unemployment like the one experienced in the first two years of the Great Recession.

So, to overcome recession ways were found to inculcate confidence in consumer and increase in financial market stability.