Which of the following describe the United States economy in 2008 and and the start of 2009?
A) Real GDP reached a peak.
B) The economy was in a recession.
C) The economy was in an expansion.
D) Real GDP per person increased.
E) None of the above answers is correct.
B
Economics
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For a downward-sloping demand curve, marginal revenue decreases as quantity sold increases
Indicate whether the statement is true or false
Economics
In the federal funds market diagram, an open market sale by the Fed
A) shifts the reserve supply curve to the right. B) shifts the reserve supply curve to the left. C) decreases the federal funds rate. D) increases the volume of federal funds traded.
Economics