11. When the economy is in a recession, what is true about output, the unemployment rate, and overall level of prices? Output Unemployment rate Aggregate price level a. increases increases rise b. decreases decreases rise c. increases decreases fall d. decreases decreases fall e. decreases increases fall 12. A recession is best described as a. a decrease in the price level. b. that part of the business cycle between the trough and the peak. c. any decrease in output and unemployment. d. that part of the business cycle between the peak and the trough. e. an increase in employment and a decrease in output