Which of these best describes the postWorld War II recessions in the United States? a) They
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Which of these best describes the post–World War II recessions in the United States?
a) They were all very mild, except for the 1981–82 recession.
b) They were all caused by rising interest rates.
c) None lasted more than one year.
d) Each was accompanied by a decline in output of goods and services and an increase in unemployment.
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d Each was accompanied by a decline in output ...View the full answer
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