Question: Use the graphs to answer question. a. The 2008-09 recession was one of the worst economic downturns in the U.S. since the Great Depression. What

Use the graphs to answer question. a. The 2008-09 recession was one of the worst economic downturns in the U.S. since the Great Depression. What was the approximate growth rates of real GDP, consumption and investment in 2009? b. What was the peak unemployment rates after the following recessions: i) 2009 ii) 2020?

Percentage change from 4 quarters earlier Percentage change from 4 quarters earlier 2 1970 40 30 20 1 I. 0 l 10 20 30 40 1970 1975 1975 1980 1 980 1' H (a) Growth in Consumption m. 1985 (b) Growth in Investment 1990 Investment growth l 1985 Y m AHA. 1 v 1990 Consumption growth 1995 1995 2000 2000 2005 2005 m Year Year

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