Which of the following describes events of the early 1980s in the United States?
A) Real GDP fell from 1981 to 1982 but rose again in 1983 and 1984 to exceed the 1981 level.
B) Inventory investment declined in 1982; this caused real GDP to fall more than final sales.
C) Consumption of durables fell sharply in 1982, but services increased at an even faster rate.
D) All types of investment fell sharply in the 1982 recession.
E) All of the statements accurately describe events of the early 1980s.

Question

Quizplus · Accepted Answer

All the choices accurately describe the economic conditions and events in the early 1980s in the United States, including the recession of the early 1980s, changes in GDP, investment, and consumption patterns.

Which of the Following Describes Events of the Early 1980s