Introduction to Macroeconomics Answers

According to the passage, the year 2007 was a for the US economy.

During 2008 and 2009, the US economy experienced a .

The point that would best represent the worst point of the Great Depression of the 1930s is point .

At which point in the business cycle would the unemployment rate begin to increase?

At which point would the government be most likely to try to stimulate the economy? At which point would a business be most likely to hire new workers?

The point that best represents the increased production that took place during World War II is point .

At which point would the government be most likely to try to stimulate the economy? At which point would a business be most likely to hire new workers?