At the beginning of the recession of 2007-2009,real GDP in the United States was ________ potential GDP,and in June 2009,real GDP was ________ potential GDP.
A)below; above
B)below; below
C)above; below
D)above; above

Question

Quizplus · Accepted Answer

At the beginning of the recession of 2007-2009, real GDP in the United States was above potential GDP, indicating an overheated economy. By June 2009, the economy had contracted significantly, and real GDP was below potential GDP, reflecting the depth of the recession.

At the Beginning of the Recession of 2007-2009,real GDP in the United