As of 2018 the U.S. economy appeared to be _____ the economic downturn now known as the Great Recession.

During this phase, the economy just started to rise from recession then falls back into recession.Select one:a. Double Dip Recessionb. Recoveryc. Expansiond. Contraction

Which of the following describe the U.S. economy as it stood in early 2019?

During an economic recession, when real GDP falls, unemployment usually               .Group of answer choicesfallsrisesstays the samefalls or rises

Which of the following describes what happened when the Roosevelt recession occurred?FDR increased federal spending which led to a drop in industrial production.Four million more people were added to the unemployment rolls and industrial production dropped by 40%.Four million people found jobs and industrial production increased by 40%.FDR started programs that his critics believed limited business.

ow do economists determine whether an economy has entered a recession in its business cycle?A.It has a negative value in its steady growth line for less than one quarter.B.It alternates rapidly between periods of extreme growth and decline.C.It experiences contractions and expansions without peaks or troughs.D.It experiences a contraction that lasts for at least two economic quarters in a row.