During a period of recession /contraction, which of the following would be true? 1. The supply of

During a period of recession /contraction, which of the following would be true?

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1. The supply of goods and services would be decreasing. 2. Interest rates would be decreasing. 3. Unemployment would be increasing. 4. Inflation would be decreasing. a. 1 and 2. b. 1 and 3. c. 1, 2 and 3. d. 1, 2 and 4. e. 1, 2, 3, and 4.