The following data give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at the time. Turning PointDateReal GDP (1996 $ billions)(A)Feb. 19612352.9(B)Dec. 19693571.4(C)Nov. 19703566.5(D)Nov. 19734151.1(E)Mar. 19754010.0 Which of the following periods was an expansion?
A. November 1970 through November 1973
B. December 1969 through November 1973
C. November 1970 through March 1975
D. December 1969 through November 1970
Answer: A
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