Refer to the following figure when answering the following questions.
Figure 9.2: U.S. Output Fluctuations 1960-2015
-Consider Figure 9.2. In approximately what years did the U.S. economy experience its longest economic downturn, using the text's definition of a recessionary gap?
A) 1990-1997
B) 1974-1978
C) 1980-1988
D) 1957-1963
E) 2008-2016

Question

Refer to the following figure when answering the following questions.
Figure 9.2: U.S. Output Fluctuations 1960-2015  
-Consider Figure 9.2. In approximately what years did the U.S. economy experience its longest economic downturn, using the text's definition of a recessionary gap?
A) 1990-1997 
B) 1974-1978 
C) 1980-1988 
D) 1957-1963 
E) 2008-2016

Quizplus · Accepted Answer

The longest economic downturn in recent history was the Great Recession, which began in 2008 and had lasting effects into the early 2010s, making option E the correct choice.

Refer to the Following Figure When Answering the Following Questions