Refer to the following figure when answering the next five questions.
Figure 9.2: U.S. Output Fluctuations 1960-2012
(Source: BEA and CBO, data from Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider Figure 9.2. The line represents short-run fluctuations, $\tilde { Y } _ { t }$ . Since 1960, the largest boom was in about ________ and the deepest recession was in about ________.
A) 1983; 1965
B) 1974; 1976
C) 2000; 1983
D) 1966; 1983
E) The economy always produces at its potential.

Question

Refer to the following figure when answering the next five questions.
Figure 9.2: U.S. Output Fluctuations 1960-2012  
(Source: BEA and CBO, data from Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider Figure 9.2. The line represents short-run fluctuations, $\tilde { Y } _ { t }$ . Since 1960, the largest boom was in about ________ and the deepest recession was in about ________.
A) 1983; 1965 
B) 1974; 1976 
C) 2000; 1983 
D) 1966; 1983 
E) The economy always produces at its potential.

Quizplus · Accepted Answer

The largest boom was in about 1966 and the deepest recession was in about 1983.

Refer to the Following Figure When Answering the Next Five Y~t\tilde { Y } _ { t }Y~t​

Refer to the Following Figure When Answering the Next Five $\tilde { Y } _ { t }$