During the period 1983-1989,the U.S.economy was

A) contracting.
B) in a recession.
C) in the trough of the business cycle.
D) expanding.
E) None of the choices are correct.

Question

During the period 1983-1989,the U.S.economy wasA) contracting.B) in a recession.C) in the trough of the business cycle.D) expanding.E) None of the choices are correct.

Mariana Avalos · Accepted Answer

Final Answer : D, Explanation :  The U.S. economy was expanding during the period 1983-1989. This period is known as the Reagan boom due to the economic policies and tax cuts implemented under President Ronald Reagan, which led to strong economic growth, job creation, and low inflation.

During the period 1983-1989,the U.S.economy was

A) contracting.
B) in a recession.
C) in the trough of the business cycle.
D) expanding.
E) None of the choices are correct.

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