During 2008-2009, the U.S. economy suffered a 3.1% cumulative loss of GDP, which is equivalent to a loss of A,B,C, OR D ONE ANSWER A 50% of the unemployment rate. B inflation. C one year’s average growth of GDP. D deflation.
During 2008-2009, the U.S. economy suffered a 3.1% cumulative loss of GDP, which is equivalent to a loss of A,B,C, OR D ONE ANSWER A 50% of the unemployment rate. B inflation. C one year’s average growth of GDP. D deflation.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 45P: A country with a population of eight million adults has five million employed, 500,000 unemployed,...
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During 2008-2009, the U.S. economy suffered a 3.1% cumulative loss of
A | 50% of the |
B | inflation. |
C | one year’s average growth of GDP. |
D | deflation. |
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