1. What do the shaded areas of the graph indicate about the economic cycle & health of the economy? 2. When was the last economic recession? Explain how you know this.
3. On average, how often do recessions occur?

1. the shaded areas represent years that the percent change from the preceding period percentage was lower.

2. 2008 due to the large amount of negative percent change (7-8%)

3. about every 12 years

Sir thomas more, venerated in the catholic church as saint thomas more, was an english lawyer, social philosopher, author, statesman, and noted renaissance humanist. he was also a councillor to henry viii, and lord high chancellor of england from october 1529 to 16 may 1532. i found this information on wikipedia