Which of the following statements is true of the U.S. economy?
A. In the second half of the 1960s, the output gap was mostly negative while in the first half of the 1990s, the output gap was mostly positive.
B. In the second half of the 1960s, the output gap was mostly positive while in the first half of the 1990s, the output gap was mostly negative.
C. In the second half of the 1960s and the first half of the 1990s, the output gap was mostly negative.
D. In the second half of the 1960s and the first half of the 1990s, the output gap was mostly positive.
Answer: B
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