Refer to the Following Figure When Answering the Following Questions

question 54

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 9.2: U.S. Output Fluctuations 1960-2015
-Consider Figure 9.2. In approximately what years did the U.S. economy experience its longest economic downturn, using the text's definition of a recessionary gap?

• A) 1990-1997
• B) 1974-1978
• C) 1980-1988
• D) 1957-1963
• E) 2008-2016