Figure 1.
-Referring to Figure 1, between 1988 and 1991 the economy
A) contracted.
B) was in a recession.
C) grew overall.
D) was mostly above the mean growth rate of 2.4%.
Correct Answer:
Verified
Q21: Which is most sensitive to concerns about
Q30: The trend in GDP is generally
A)upwards.
B)constant.
C)downwards.
D)fluctuates.
Q31: An inflation fallacy is
A)when prices are falling
Q32: If data exhibits a trend that is
Q33: Which is not a characteristic of cyclical
Q34: Deterministic trends are
A)where variables change by some
Q34: Which aggregate supply shock is most likely
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