The seasonally adjusted data below depict the performance of the economy States in 1949. Year/Quarter 1949/Q1 1949/Q2 1949/Q3 1949/Q4 Annual Percent Change Nominal GDP Annual Percent Change Real GDP -7.4 Select one: OA Recession and disinflation. OB. Expansion and disinflation. OC. Expansion and deflation. OD. Recession and deflation. -5.2 +2.3 -3.3 -5.4 -1.4 +4.2 -3.3 Which of the following describes the performance of the economy of the United States in 1949?
The seasonally adjusted data below depict the performance of the economy States in 1949. Year/Quarter 1949/Q1 1949/Q2 1949/Q3 1949/Q4 Annual Percent Change Nominal GDP Annual Percent Change Real GDP -7.4 Select one: OA Recession and disinflation. OB. Expansion and disinflation. OC. Expansion and deflation. OD. Recession and deflation. -5.2 +2.3 -3.3 -5.4 -1.4 +4.2 -3.3 Which of the following describes the performance of the economy of the United States in 1949?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![The seasonally adjusted data below depict the performance of the economy of the United
States in 1949.
Year/Quarter
1949/Q1
1949/Q2
1949/Q3
1949/Q4
Select one:
OA. Recession and disinflation.
Annual Percent Change Nominal GDP
-7.4
-5.2
+2.3
-3.3
Which of the following describes the performance of the economy of the United States in
1949?
OB. Expansion and disinflation.
OC. Expansion and deflation.
OD. Recession and deflation.
Annual Percent Change Real GDP
-5.4
-1.4
+4.2
-3.3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9af7d3e9-76ed-4d34-a0ea-29cee573624b%2F619e1332-8d57-47cf-a289-ce6ab30c2188%2Ffqjgnot_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The seasonally adjusted data below depict the performance of the economy of the United
States in 1949.
Year/Quarter
1949/Q1
1949/Q2
1949/Q3
1949/Q4
Select one:
OA. Recession and disinflation.
Annual Percent Change Nominal GDP
-7.4
-5.2
+2.3
-3.3
Which of the following describes the performance of the economy of the United States in
1949?
OB. Expansion and disinflation.
OC. Expansion and deflation.
OD. Recession and deflation.
Annual Percent Change Real GDP
-5.4
-1.4
+4.2
-3.3
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