Refer to Application 2, "Comparing the Severity of Recessions," to answer the following questions:
-According to the application, during the recession that started in 2007, unemployments that rose from:
A) 6.9 to 9.1 percent.
B) 4.6 percent to 10 percent.
C) 4.9 percent to 8.5 percent.
D) 3.5 to 15.3 percent.
Correct Answer:
Verified
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A)
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A) both long- run
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