Two measures of economic slack: Ratio of actual to potential GDP, and employment-to-population ratio (EPOP) for workers age 25–54, 2000–2013

Note: Shaded areas denote recessions.

Source: Author's analysis of Bureau of Economic Analysis National Income and Product Accounts (Table 1.1.6),  Congressional Budget Office (2012), and Current Population Survey (CPS) public data series

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