Exhibit 23-1 
-According to Exhibit 23-1, which of the following is true?
A) All recessions are of the same duration.
B) In normal times, real GDP is above potential GDP.
C) Aggregate demand fell between year B and year D.
D) Potential GDP fell between year B and year D.
E) Unemployment rose between year D and year F.
Correct Answer:
Verified
Q1: Changes in aggregate demand occur when
A)foreign countries
Q2: The 2008-09 recession was
A)longer lasting and much
Q3: Between 2001 and 2007
A)the United States economy
Q4: Between December 2007 and June 2009,
A)the United
Q5: The economy's long-term growth trend for GDP
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