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Study Questions for Lecture 6

Study Questions for Lecture 6 - amplitude requirement for a...

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Questions for Lecture 6 Questions based on material in A Guide to Everyday Economic Statistics--5 th Edition ( EES )--Chapter 4 (pp. 67-75) Questions from Lecture 6. 1. Can GDP decline even thought there has been no recession? Briefly explain. 2. What are the four criteria for there to have been a recession? 3. When one is using the business-cycle approach, can a recession be less than 6 months long? 4. What is the rule of thumb to decide whether a decline in economic activity meets the
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Unformatted text preview: amplitude requirement for a recession? 5. What is the rule of thumb to decide whether a decline in economic activity meets the displacement requirement for a recession? 6.. What is the rule of thumb to decide whether a decline in economic activity meets the diffusion requirement for a recession? 7. Write a brief essay on whether the rules of thumb for identifying a recession were satisfied during the 1990-91 recession and the 2001 recession....
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