bad economic times


The 2001 recession ended in November 2001, but the perception of ‘bad economic times’ lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession? Hint: contrast the performance of the unemployment rate and the level of real GDP during the period from 2001 through 2003.  NameInstitutionDate During 2003, the real GDP had increased by 3.1%. The annual growth rates in theyear 2001 were 0.5% and in 2002 it rose to 2.2%. (Agency, 2012) United States economy was…

 

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