The economy experienced an expansion that lasted from: The following data give the dates of successive turning points in U.S.economic activity and the corresponding levels of real GDP at the time. 
A) July 1953 to May 1954.
B) May 1954 to April 1957.
C) July 1953 to April 1957.
D) May 1954 to April 1958.
Correct Answer:
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Q3: The end of a recession is called
Q5: A period in which the economy is
Q8: The beginning of a recession is called
Q9: In reference to short-term economic fluctuations, the
Q10: A period in which the economy is
Q11: A depression is:
A)a particularly severe and protracted
Q12: During recessions, the change in real GDP
Q14: In the United States since 1929, the
Q16: The longest and most severe recession in
Q20: The longest expansion of the United States
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