The recession that began in December 2007 has been
A) longer lasting and much more severe than the 2001 recession.
B) shorter than the 2001 recession,but much more severe.
C) longer lasting than the 2001 recession,but less severe.
D) the first recession of the 21st century in the United States.
E) shorter and less severe than the 2001 recession.
Correct Answer:
Verified
Q1: Changes in aggregate demand occur when
A)foreign countries
Q3: Between 2001 and 2007
A)the United States economy
Q4: Between December 2007 and June 2009,
A)the United
Q7: Exhibit 23-1 Q8: At the end of a recession Q10: Potential GDP represents what firms would want Q19: Economic fluctuations have been common only since Q20: The study of economic fluctuations is Q20: Manufacturing capacity utilization in normal times typically Q24: The actual unemployment rate will fall below
A)real GDP
A)more important
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