Answer
C.) Might be caused by a major recession in the United States.
Work Step by Step
As demand shift left the economic growth slows and then a recession hits. This explains an example of a leftward shift of demand curve.
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 38 - The Balance of Payments, Exchange Rates, and Trade Deficits - Quick Quiz for Figure 38.1 - Page 786: 3
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