Using Real GDP and Employment Growth Relative to the Peak

question 143

Multiple Choice

Using real GDP and employment growth relative to the peak of the business cycle, the 2007-2009 recession, as compared to previous two recessions, in 1990 and 2001:

• A) was deeper.
• B) was less severe.
• C) was shorter.
• D) was shorter but more severe.

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Definitions:

Knotted Strings

A method of recording information or sending messages, historically used by various cultures, involving the arrangement of knots on strings.

Writing

A system of symbol representation used to express thoughts, language, and communication in a durable form.

Farming Methods

Various techniques and practices used in agriculture for the cultivation of crops and raising of livestock, including but not limited to organic, conventional, and sustainable agriculture.

Eurasia and Africa

The combined continental landmass of Europe and Asia, and the second-largest continent, Africa.