14. During the "Great Recession," which officially lasted from December 2007 through June 2009, Real GDP A. decreased by 3.0% B. decreased by 3.7% C decreased by 4.1% D. decreased by 6.8% 15. Consider the following two statements: (1) "Fiscal Policy has a significant stimulative impact on a less than fully employed economy." and (2) "Management of the business cycle should be left to the Federal Reserve; activist fiscal policy should be avoided." Most economist would A. agree with both statements. B. agree with Statement (1) but not Statement (2). C agree with Statement (2) but not Statement (1). D. disagree with both statements. 16. In 2015, the "Top 5%" of income earners in the U.S. earned 36.07% of all income earned. Under the U.S. Federal Income Tax, these individuals paid of all tax dollars collected. A. 35.17% B. 43.62% C 48.54% D. 59.58%