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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