Refer to the diagram. A decline of aggregate supply from ASLR1 to ASLR2, followed by a decline of aggregate demand from AD1 to A

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D2, would best describe the

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Marta_Voda [28] · Answer 1 · 2023-06-24T20:46:02+03:00

This decrease from the aggregate supply would best describe the real-business-cycle view of recession.

<h3>What is the real-business-cycle view of recession.?</h3>

This is the term that is used to refer to the slow technical changes that usually happen due to the fact that there is a recession.

This is after there was an expansion in the business cycle. The next season that usually happens is the recession.

Read more on the real-business-cycle here; brainly.com/question/22560632

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