The figure shows aggregate output for the first quarter in 1970 until the fourth quarter in 2017 Recessions are highlighted in the figure by the gray boxes 16000 15.000 Recessary - Recensionary period 1980 IV 1975 Recenionary 2008-2009 ID Recessionary period CON IL Recessionary period 2001-2011 19701 1975 1 19T JOSI 19001 1995T Quen O ST 20101 20151 27 IV According to the figure, during the recessionary periods, aggregate output O A grow at the same rate as all other periods B. steadily increased OC. decreased by the same amount in each recession OD. stagnated or declined Click to select your