Week 12 Post.pptx - Annual Percent Change Year/Quarter...

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Annual Percent Change Annual Percent Change Year/Quarter Nominal GDP Real GDP 1984/Q1 13.6 8.0 1984/Q2 10.8 7.1 1984/Q3 7.3 3.9 1984/Q4 6.0 3.3 Which of the following describes the macroeconomic situation in the United States in 1984? 1. Expansion. (change in real GDP is positive) 2. Recession.
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Annual Percent Change Annual Percent Change Year/Quarter Nominal GDP Real GDP 1984/Q1 13.6 8.0 1984/Q2 10.8 7.1 1984/Q3 7.3 3.9 1984/Q4 6.0 3.3 The inflation rate _____ in the United States in 1984. 1. increased 2. Decreased (nominal – real = inflation rate) 3. remained constant
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Annual Percent Change Annual Percent Change Year/Quarter Nominal GDP Real GDP 1984/Q1 13.6 8.0 1984/Q2 10.8 7.1 1984/Q3 7.3 3.9 1984/Q4 6.0 3.3 The aggregate price level _____ in the United States in 1984. 1. Increased (bc percent change in real gdp stays positive) 2. decreased 3. remained constant
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How many technical recessions did the United States experience in the period listed above? 1 Year/Quarter Annual percent change in real GDP, seasonally adjusted 1955/q2 6.8 1955/q3 5.4 1955/q4 2.3 1956/q1 -1.8 1956/q2 3.2 1956/q3 -0.5 1956/q4 6.7 1957/q1 2.5 1957/q2 -1.0 1957/q3 3.9 1957/q4 -4.1 1958/q1 -10.4 1958/q2 2.5
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