Recovery in the United States after the Great Recession can be characterized as:
a. Rapid, as U.S. unemployment fell and employment rose.
b. Slow to develop, as unemployment fell and employment rose at very sluggish paces.
c. Non-existent. After three years, the U.S. economy was in the same position as 2008.
d. Mixed, as real GDP grew rapidly, but the unemployment rate and employment rate lagged behind.
.B
Economics
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If the Fed raises the interest rate, this will ________ inflation and ________ real GDP in the short run
A) reduce; lower B) reduce; raise C) increase; raise D) increase; lower
Economics
A prediction based on rational expectations ________
A) relies solely on past experience B) will always be superior to one based on adaptive expectations C) is based on real, rather than nominal variables D) will not always be accurate
Economics