Since 1970, for the U.S. economy, the largest negative output gap occurred during the recession of ________; however, the largest percentage drop in employment was during the recession of ________.
A) 1981-1982; 1974
B) 2007-2009; 2001
C) 1973-1975; 2007-2009
D) 2001; 1979
E) 1990-1991; 2001

Question

Quizplus · Accepted Answer

The Answer of Since 1970, for the U.S. economy, the largest negative output gap occurred during the recession of ________; however, the largest percentage drop in employment was during the recession of ________.
A) 1981-1982; 1974
B) 2007-2009; 2001
C) 1973-1975; 2007-2009
D) 2001; 1979
E) 1990-1991; 2001