Question

1. What do the shaded areas of the graph indicate about the economic cycle & health of the economy?

2. When was the last economic recession? Explain how you know this.
3. On average, how often do recessions occur?

Answer 1

1. the shaded areas represent years that the percent change from the preceding period percentage was lower.

2. 2008 due to the large amount of negative percent change (7-8%)

3. about every 12 years