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Figure 5-1 Figure 5-1 Plots Potential and Real Output for a Hypothetical

Question 31

Multiple Choice

Figure 5-1
Figure 5-1     Figure 5-1 plots potential and real output for a hypothetical economy. Based on this graph, the recession occurred A) between years 1 and 2. B) between years 2 and 3. C) between years 3 and 4. D) after year 4.
 
 
Figure 5-1 plots potential and real output for a hypothetical economy. Based on this graph, the recession occurred


A) between years 1 and 2.
B) between years 2 and 3.
C) between years 3 and 4.
D) after year 4.

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