Compared to the Severe Recession of 1981-1982, the Growth of Real

question 94

Multiple Choice

Compared to the severe recession of 1981-1982, the growth of real GDP during the first two years of recovery from the 2008-2009 recession was

• A)much more rapid and the unemployment rate fell by a smaller amount after the more recent recession.
• B)slower and the unemployment rate fell by a smaller amount after the more recent recession.
• C)more rapid but the unemployment rate fell by a smaller amount after the more recent recession.
• D)similar and the decline in the rate of unemployment was almost identical during the recovery from each of these recessions.

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Definitions:

Knowledge Management

The systematic approach to acquiring, organizing, and sharing an organization’s information assets to enhance its performance and competitiveness.

Hard Facts

refers to objective, concrete data or evidence that is not influenced by feelings or opinions.

Really Works

An informal statement used to assert that something is effective or successful in practice.

Portfolio Assets

Diverse holdings or investments owned by an individual or organization, managed collectively to minimize risk and achieve financial goals.