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 an expansion? 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 an expansion? Given your analysis, inventories are:

Quizplus · Accepted Answer

During 2009, the economy was recovering from the Great Recession, indicating an expansion period. Inventories are procyclical as they tend to increase during economic expansions.

Refer to the Following Figure When Answering