The following table shows real GDP and potential real GDP for the years 2000-2012. Refer to this table when answering
Table 10.1 ($ billions)
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-According to the data in Table 10.1, about how much did short-run output fluctuations equal in 2001 and 2008, respectively?
A) -0.3 percent; -2.4 percent
B) 0.3 percent; -2.4 percent
C) -33 percent; 323.1 percent
D) 86.1 percent; 83.8 percent
E) Not enough information is given.
Correct Answer:
Verified
Q34: In _, the Fed began to raise
Q39: The majority of mortgage-backed securities were held
Q41: Refer to the following table when
Q42: The following table shows real GDP
Q45: Refer to the following table when
Q47: Refer to the following table when
Q48: In a typical recession, generally only _
Q49: The following table shows real GDP
Q53: Which of the following countries did the
Q59: In terms of loss of employment, which
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents