Following graph shows business cycle fluctuation in a hypothetical economy . " Y " denotes year , and " Q " denotes quarter . What do points A , B , C , and D denote ? Write at least a sentence each about what these points denote . Also , explain what represent the curve segments : A to B , B to C and C to D. Lastly , because economic activity fluctuates , how is long - term growth possible ?

Following graph shows business cycle fluctuation in a hypothetical economy . " Y " denotes year , and " Q " denotes quarter . What do points A , B , C , and D denote ? Write at least a sentence each about what these points denote . Also , explain what represent the curve segments : A to B , B to C and C to D. Lastly , because economic activity fluctuates , how is long - term growth possible ?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 11WNG

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