Which of the Following Describes Events of the Early 1980s

question 14

Multiple Choice

Which of the following describes events of the early 1980s in the United States?

• A) Real GDP fell from 1981 to 1982 but rose again in 1983 and 1984 to exceed the 1981 level.
• B) Inventory investment declined in 1982; this caused real GDP to fall more than final sales.
• C) Consumption of durables fell sharply in 1982, but services increased at an even faster rate.
• D) All types of investment fell sharply in the 1982 recession.
• E) All of the statements accurately describe events of the early 1980s.