hw1f11 (1) - Print name_ _ Sign name Econ 520 F11 Homework...

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Print name_______________________ Sign name ________________________ Econ 520 F11 Homework 1 (revised 9/22) 9/22, due 9/23 1. (5 HW points) During the 2007-2009 recession, real GDP (circle best ) a) grew, but by an unusually small amount b) fell, but by less than 1981-82 c) fell by slightly more than 1957-58, but far less than 1944-47 d) fell by much more than in any recession since the 1930s e) fell by slightly more than 1929-33 2. (5 HW points) In 2009, the US civilian unemployment rate peaked at (circle best ) a) Less than 5% b) Less than 1992 but higher than any time since c) Less than 1982 but higher than any time since d) Higher than at any time since 1950, but much lower than 1932 e) Almost as high as 1932 3. (5 HW points) During 2009 and 2010, the number of failures of FDIC insured banks was (circle best) a) Less than 10 per year b) Between 10 and 100 per year c) Over 100 per year but not as high as 1987-90 d) Higher than any year since 1950, but much lower than 1930-33 e) Almost as high as 1930-33
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hw1f11 (1) - Print name_ _ Sign name Econ 520 F11 Homework...

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