Multiple Choice
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. In approximately which of the following years was current output equal to potential output?
A) 1966, 1974, 1979, 2000, and 2004
B) 1961, 1975, 1983, 2002, and 2009
C) 1964, 1980, 1991, 2001, and 2008
D) 1961, 1975, 1979, 2000, and 2008
E) 1966, 1974, 1983, 2002, and 2010
Correct Answer:
Verified
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