Which of the following is NOT a feature of recent U.S. 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 real GDP above trend.
D) There is no regularity to the frequency of fluctuations in real GDP above trend.

Question

Quizplus · Accepted Answer

The time series of deviations from trend in real GDP is quite smooth is not a feature of recent U.S. business cycles. In fact, the time series of deviations from trend in real GDP is quite choppy. The other options are both features of recent U.S. business cycles: there is no regularity to the amplitude or frequency of fluctuations in real GDP above trend.

Which of the Following Is NOT a Feature of Recent