Refer to the following figure to answer the following questions.
Figure 9.3: Percent Change in U.S. Employment: 1980-2015
-Based on the data presented in Figure 9.3, which of the following periods is/are likely (an) expansion(s)?
A) 1988, 2006, and 2014
B) 1988 and 2014
C) 1981, 1990, and 2001
D) 2002
E) Not enough information is given.

Question

Refer to the following figure to answer the following questions.
Figure 9.3: Percent Change in U.S. Employment: 1980-2015 
-Based on the data presented in Figure 9.3, which of the following periods is/are likely (an) expansion(s)?
A) 1988, 2006, and 2014 
B) 1988 and 2014 
C) 1981, 1990, and 2001 
D) 2002 
E) Not enough information is given.

Quizplus · Accepted Answer

Expansion periods in an economy are typically characterized by growth in GDP, decrease in unemployment rates, and overall positive economic indicators. Without seeing Figure 9.3, the correct answer cannot be determined definitively. However, given the typical pattern of economic cycles and assuming the years mentioned in option A are characterized by such positive indicators, it would suggest these are periods of economic expansion.

Refer to the Following Figure to Answer the Following Questions