During which period was the U.S. economy in a contraction? a) 2005-2008 O b) 2000-2004 Oc) 2001-2005 O d) 2008-2009 e) 2004-2008

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Question 13
Consider the following graph to answer the next five questions.
Real
GDP
Short-run path
Long-run
trend of GDP
2000
2001
2012
During which period was the U.S. economy in a contraction?
Time
a) 2005-2008
O b) 2000-2004
c) 2001-2005
d) 2008-2009
O e) 2004-2008
2004
2005
2008
2009
Transcribed Image Text:Question 13 Consider the following graph to answer the next five questions. Real GDP Short-run path Long-run trend of GDP 2000 2001 2012 During which period was the U.S. economy in a contraction? Time a) 2005-2008 O b) 2000-2004 c) 2001-2005 d) 2008-2009 O e) 2004-2008 2004 2005 2008 2009
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