Refer to the following figure when answering
Figure 17.3: Change in Private Inventories: 1980-2012
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider Figure 17.3, which shows changes in private inventories. Which of the following (approximate) dates is likely to be a period of recession? Given your analysis, inventories are:

Question

Refer to the following figure when answering  
Figure 17.3: Change in Private Inventories: 1980-2012 
 (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider Figure 17.3, which shows changes in private inventories. Which of the following (approximate) dates is likely to be a period of recession? Given your analysis, inventories are:

Quizplus · Accepted Answer

In 2001, the U.S. experienced a recession, and inventories are typically procyclical, meaning they tend to increase during economic expansions and decrease during recessions.

Refer to the Following Figure When Answering