Which of the following is a feature of recent Canadian business cycles?
A) The time series of deviations from trend in real GDP is quite choppy.
B) The time series of deviations from trend in real GDP is quite smooth.
C) There is no regularity to the amplitude of fluctuations in GDP below trend.
D) There is no regularity to the frequency of fluctuations in GDP below trend.
E) They are difficult to measure.

Question

Quizplus · Accepted Answer

Recent Canadian business cycles have been characterized by choppy time series of deviations from trend in real GDP, meaning that the fluctuations have been more erratic and unpredictable rather than smooth and consistent.

Which of the Following Is a Feature of Recent Canadian