For the recession of 2007-2009,it took ________ for real GDP to return to its cyclical peak.
A) about 18 months
B) about 2 year
C) about 3.5 years
D) almost 5 years
Correct Answer:
Verified
Q203: Suppose a recession occurs as a result
Q204: Stagflation occurs when short-run aggregate supply decreases.
Q205: Why does the short-run aggregate supply curve
Q206: The automatic mechanism _ the price level
Q207: Explain how the economy moves back to
Q209: Stagflation occurs when inflation _ and GDP
Q210: At a short-run macroeconomic equilibrium,real GDP is
Q211: For the recession of 2007-2009,it took _
Q212: If rapid increases in oil prices caused
Q213: An increase in government spending will result
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