Which of the Following Was True for the Recession of 1981/82

question 31

Multiple Choice

Which of the following was true for the recession of 1981/82?

• A)nominal interest rates declined from 14.0% in 1981 to 10.7% in 1982, while real interest rates increased from 4.0% to 4.5%
• B)the unemployment rate went above 11%, a higher level than in the Great Depression
• C)the T-bill rate was lower than it ever was in the 1970s
• D)real interest rates decreased steadily after 1981
• E)all of the above

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Definitions:

UCC

The Uniform Commercial Code is an extensive collection of regulations that oversee commercial dealings within the United States.

Risk of Loss

The potential for an asset to decrease in value or for a financial loss to occur in a transaction.

Reimbursed

Repaid or compensated for expenses or losses incurred.

Contract

An agreement legally recognized and enforceable, made between two or more parties.