Question

How many quarters did the united states operate below its long-run average growth rate in the 1980s?

Answer 1

The correct answer to this open question is the following.

The United States operated 15 quarters below its long-run average growth rate in the 1980s. Its average growth rate had been 3%. Of those 15 quarters, six were of negative growth in the US economy.

During the 1980s, the United States economy suffered from what the experts call "an early recession." It began in July 1981 and the severest moments ended until the end of 1982. In this time, inflation digits soared to reach 13.5%. Unemployment rates also suffered an increased reached 7.5%, affecting many people's jobs.