Which of the following statements is consistent with what happened during the great recession? choose one:
a. housing prices fell during the great recession, causing a decrease in consumer wealth. this decrease in wealth led to a decrease in aggregate supply and a decrease in potential gdp.
b. consumer sentiment fell prior to and during the great recession, leading to a decline in expected income that shifted the aggregate supply curve to the left.
c. aggregate demand and long-run aggregate supply decreased, causing unemployment to rise to 10%.
d. aggregate demand and short-run aggregate supply increased, causing potential gdp to decrease.