On average,in the recessions since 1950,it has taken ________ for real GDP to return to its cyclical peak.
A)about 6 months
B)about 1 year
C)about 18 months
D)almost 2.5 years

Question

Quizplus · Accepted Answer

According to historical data, it has taken an average of about 18 months for real GDP to return to its cyclical peak in the recessions since 1950. This is based on analysis of the NBER recession dates and the subsequent recoveries in real GDP growth.

On Average,in the Recessions Since 1950,it Has Taken ________ for Real