Measuring the Speed of a Recovery. Some econmists have suggested that the time it takes the economy to recover to the level where it originally was when the recession started is a good measure of the...

Measuring the Speed of a Recovery. Some econmists have suggested that the time it takes the economy to recover to the level where it originally was when the recession started is a good measure of the speed of a recovery. Explain why. (Related to Application 2 on p. 129.)