ferences Mailings Review View Help A Aa ~ A Normal No Spacing Heading 1 Heading 2 A Y Paragraph Styles Exercise 11.5. 5.6 7. Measuring the Speed of a Recovery. Some economists have suggested that the time it takes the economy to recover to the level where it originally was when the recession stated is a good measurer of the speed of a recovery. Explain why. Exercise 11.5: 5.7 8. Most Severe Recession? Using the data in Table 11.5, identify the two most severe recessions since World War II in terms of the fall from peak to trough. What other information might you want to know about these and other recessionary periods to judge their severity? Exercise 11.6: 6.7 9. A Ban on Fracking. The State of New York banned a technique known as "fracking" where fluids are injected into wells in order to produce more natural gas. The reason given for banning fracking was that it caused environmental damage. How would you go about trying to measure whether this ban increased or decreased economic welfare? 12 Accessibility: Good to go O e G W . 20 69