Most Severe Recession? Using the data in Table 5.5, identify the two most severe recessions since World War II in terms of the fall from peak to trough. What other information might you want to know...

Most Severe Recession? Using the data in Table 5.5, identify the two most severe recessions since World War II in terms of the fall from peak to trough. What other information might you want to know about these and other recessionary periods to judge their severity? (Related to Application 2 on page 129.)