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If the economy goes into a recession, we can expect: Question 12 options: A). An

ID: 1203804 • Letter: I

Question

If the economy goes into a recession, we can expect: Question 12 options:

A). An increase in the supply of goods, lower prices, a decrease in the demand for labor and lower wages.

B. An increase in the demand for goods, higher prices, an increase in the supply of labor and lower wages.

C). A decrease in the demand for goods, lower prices, a decrease in the demand for labor and lower wages.

D). A decrease in the supply of goods, higher prices, an increase in the demand for labor and higher wages.

Explanation / Answer

C). A decrease in the demand for goods, lower prices, a decrease in the demand for labor and lower wages.

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