Chap03 - Macroeconomics,3e(Williamson Chapter3 Business Cycle Measureme nt 1 The A areinherently bad B representthe C arefluctuations

Info iconThis preview shows pages 1–89. Sign up to view the full content.

View Full Document Right Arrow Icon
  Macroeconomics, 3e  (Williamson)  Chapter 3   
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Business  Cycle  Measureme nt
Background image of page 2
1) 
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The  defining feature of business cycles is that they  A) 
Background image of page 4
are inherently  bad.  B) 
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
represent the  underlying trend of real GDP in the economy.  C) 
Background image of page 6
are fluctuations about trend in real GDP.  D) 
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
measure  prospects for future growth in the economy.  Answer:  
Background image of page 8
Question Status:  
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Previous Edition 2) 
Background image of page 10
The  defining feature of business cycles is that they are  A) 
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
changes in the  trend component of real GDP.  B) 
Background image of page 12
fluctuations  about trend in real GDP.  C) 
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
fluctuations  about trend in the unemployment rate.  D) 
Background image of page 14
fluctuations  about trend in the level of employment.  Answer:  
Background image of page 15

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Question Status:  
Background image of page 16
Previous Edition 3) 
Background image of page 17

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
business cycle peak is a  A) 
Background image of page 18
small positive  deviation from trend in real GDP.  B) 
Background image of page 19

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
relatively large  positive deviation from trend in real GDP.  C) 
Background image of page 20
small negative  deviation from trend in real GDP.  D) 
Background image of page 21

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
relatively large  negative deviation from trend in real GDP.  Answer:  
Background image of page 22
Question Status:  
Background image of page 23

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Previous Edition 4) 
Background image of page 24
business cycle trough is a  A) 
Background image of page 25

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
small positive  deviation from trend in real GDP.  B) 
Background image of page 26
relatively large  positive deviation from trend in real GDP.  C) 
Background image of page 27

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
small negative  deviation from trend in real GDP.  D) 
Background image of page 28
relatively large  negative deviation from trend in real GDP.  Answer:  
Background image of page 29

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Question Status:  
Background image of page 30
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 08/27/2011 for the course ECON 101 taught by Professor Dumbass during the Spring '08 term at UCSB.

Page1 / 382

Chap03 - Macroeconomics,3e(Williamson Chapter3 Business Cycle Measureme nt 1 The A areinherently bad B representthe C arefluctuations

This preview shows document pages 1 - 89. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online