Multiple Choice
Short-run output __________ in the last quarter of 2008 and __________ by the middle of 2009.
A) growth was flat;recovered to a modest 1.2 percent
B) was positive;fell to -3 percent
C) turned negative;bottomed out at over -6 percent
D) equaled zero;fell to -2 percent
E) was rising;unemployment was 8 percent
Correct Answer:
Verified
Correct Answer:
Verified
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