The recession of the early 1980s saw
A) a mild drop in the rate of growth of GDP coupled with a surprisingly large contraction in consumption expenditure.
B) one of the most severe declines in GDP of the past 50 years matched in percentage terms by a corresponding reduction in consumption expenditure.
C) one of the most severe recessions of the past 50 years punctuated only briefly by a small reduction in consumption.
D) a mild contraction in the rate of growth of GDP matched by a small contraction in consumption expenditure.
E) none of the above.

Question

Quizplus · Accepted Answer

The Answer of The recession of the early 1980s saw
A) a mild drop in the rate of growth of GDP coupled with a surprisingly large contraction in consumption expenditure.
B) one of the most severe declines in GDP of the past 50 years matched in percentage terms by a corresponding reduction in consumption expenditure.
C) one of the most severe recessions of the past 50 years punctuated only briefly by a small reduction in consumption.
D) a mild contraction in the rate of growth of GDP matched by a small contraction in consumption expenditure.
E) none of the above.

The Recession of the Early 1980s Saw