In the first half of the 2000s, real GDP in the United States was
A) greater than its trend level.
B) equal to its trend level.
C) less than its trend level.
D) not relevant to its trend level.

Question

Quizplus · Accepted Answer

In the first half of the 2000s, particularly after the dot-com bubble burst in 2000 and the subsequent recession, real GDP in the United States was generally less than its trend level as the economy was recovering and growing below potential.

In the First Half of the 2000s, Real GDP in the United