The years 2002 through 2007 can be described as a period of
A)falling output accompanied by increasing inflation.
B)falling output accompanied by decreasing inflation.
C)rising output accompanied by increasing inflation.
D)rising output accompanied by decreasing inflation.

Question

Quizplus · Accepted Answer

The years 2002 through 2007 were characterized by economic expansion, where both output (GDP growth) and inflation were generally increasing. This period led up to the financial crisis of 2008.

The Years 2002 Through 2007 Can Be Described as a Period