What is definitely true in the short run about the economy if real output begins to increase again after months of decline?
Responses
The economy is falling into recession.
The economy is falling into recession.
The economy is exiting a business cycle trough.
The economy is exiting a business cycle trough.
The price level is decreasing.
The price level is decreasing.
The unemployment rate is increasing.
The unemployment rate is increasing.
The purchasing power of nominal wages is increasing.