Refer to the Following Figure When Answering the Next Five $\tilde { Y } _ { t }$

question 62

Multiple Choice

Refer to the following figure when answering the next five questions.
Figure 9.2: U.S. Output Fluctuations 1960-2012
(Source: BEA and CBO, data from Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider Figure 9.2, which represents $\tilde { Y } _ { t }$ . In approximately what years did the U.S. economy experience its longest economic expansion?

• A) 1964-1970
• B) 1978-1980
• C) 1996-2001
• D) 1972-1974
• E) This cannot be determined from the information given.

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Royal Navy

is the United Kingdom's naval warfare force, notable for its historic significance and role in building the British Empire.

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The process of returning armed forces to civilian life, reducing the military size and capabilities after a period of conflict.