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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 14
Circle the letter that corresponds to the best answer. Which of these best describes the post-World War II recessions in the United States?
A) They were all very mild, except for the 1981-82 recession.
B) They were all caused by rising interest rates.
C) None lasted more than one year.
D) Each was accompanied by a decline in output of goods and services and an increase in unemployment.
A) They were all very mild, except for the 1981-82 recession.
B) They were all caused by rising interest rates.
C) None lasted more than one year.
D) Each was accompanied by a decline in output of goods and services and an increase in unemployment.
Explanation
Verified
Verified
(a)
Apart from 1981-82's recession, the ...
Macroeconomics 11th Edition by Stephen Slavin
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