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1479 1770 1047 1040 1040 O True O False YEAR Source: "Current-delar and Real GDR Bureau of Economics Analysis, last modified May 1, 13. accessed May 15, 12, Mtp://www.bea.gov/national//gd. 1050 Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as 1961 True or False: Short-term fluctuations in real GDP are irregular and unpredictable. The unemployment rate declined. Total real income increased. Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 1950? Check all that apply. Car sales declined. O Consumer spending declined.

1479 1770 1047 1040 1040 O True O False YEAR Source: "Current-delar and Real GDR Bureau of Economics Analysis, last modified May 1, 13. accessed May 15, 12, Mtp://www.bea.gov/national//gd. 1050 Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as 1961 True or False: Short-term fluctuations in real GDP are irregular and unpredictable. The unemployment rate declined. Total real income increased. Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 1950? Check all that apply. Car sales declined. O Consumer spending declined.

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
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1. Key facts about economic fluctuations The graph included below approximates United States business cycles between quarter one of 1947 and quarter three of 1951. The shaded region denotes periods of six or more consecutive months of declining real gross domestic product (real GDP). W 1048 1040 1000 YEAR REAL GDP (Billions of dollars) 2170 2070 1970 1870 1770 1047 1001 Source: "Current-dollar and Real GOR" Bureau of Economics Analysis. last modified May 1, 13. accessed May 15. 13. http://www.bea.gov/national/xl/gdplev.. Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as
Transcribed Image Text:1. Key facts about economic fluctuations The graph included below approximates United States business cycles between quarter one of 1947 and quarter three of 1951. The shaded region denotes periods of six or more consecutive months of declining real gross domestic product (real GDP). W 1048 1040 1000 YEAR REAL GDP (Billions of dollars) 2170 2070 1970 1870 1770 1047 1001 Source: "Current-dollar and Real GOR" Bureau of Economics Analysis. last modified May 1, 13. accessed May 15. 13. http://www.bea.gov/national/xl/gdplev.. Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as
REAL 1870 1770 1047 1040 1040 YEAR O True O False 1950 Source: "Current-delar and Real GDR Bureau of Economics Analysis, last modified May 1, 13, accessed May 15, 12, Mtp://www.bea.gov 1901 Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as True or False: Short-term fluctuations in real GDP are irregular and unpredictable. The unemployment rate declined. Total real income increased. Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 1950? Check all that apply. Car sales declined. Consumer spending declined. odple.
Transcribed Image Text:REAL 1870 1770 1047 1040 1040 YEAR O True O False 1950 Source: "Current-delar and Real GDR Bureau of Economics Analysis, last modified May 1, 13, accessed May 15, 12, Mtp://www.bea.gov 1901 Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as True or False: Short-term fluctuations in real GDP are irregular and unpredictable. The unemployment rate declined. Total real income increased. Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 1950? Check all that apply. Car sales declined. Consumer spending declined. odple.
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