This preview shows page 1. Sign up to view the full content.
Unformatted text preview: . This figure shows real GDP in panel (a), investment spending in panel (b), and unemployment in panel (c) for the U.S. economy using quarterly data since 1965. Recessions are shown as the shaded areas. Notice that real GDP and investment spending decline during recessions, while unemployment rises. S OURCE: U.S. Department of Commerce; U.S. Department of Labor....
View Full Document
- Spring '10