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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The answer is:
I’m the left
Explanation:
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount taken as loan
R represents interest rate
T represents the duration of the loan in years.
Considering Henry's loan,
P = 5000
R = 4.2
T = 4 years
I = (5000 × 4.2 × 4)/100 = $840
Considering Ingrid's loan,
P = 5000
R = 3.9
T = 6 years
I = (5000 × 3.9 × 6)/100 = $1170
The difference between the amounts of interest Henry and Ingrid paid for their loans is
1170 - 840 = $330