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Transmission and AmplificationMechanisms-Ask FREDALFREDi-capacity utilization: Total Industry Vintage: 2018-01-17787.585.082.580.0Capacity utilization is an estimate of howclose an economy is to its maximumoutput, defined as the highest level ofoutput sustainable given its resources.The accompanying graph depictsmonthly total industry capacityutilization in the United States.75.0a 72.570.067.565.01985199019952000200520102015Source: Board of Governors of the Federal Reserve System (US)b. What was the capacity utilization level in January of 2008 and what about in June of 2009?January 2008:%June 2009:

Question
Transmission and Amplification
Mechanisms-Ask FRED
ALFREDi
-capacity utilization: Total Industry Vintage: 2018-01-17
7
87.5
85.0
82.5
80.0
Capacity utilization is an estimate of how
close an economy is to its maximum
output, defined as the highest level of
output sustainable given its resources.
The accompanying graph depicts
monthly total industry capacity
utilization in the United States.
75.0
a 72.5
70.0
67.5
65.0
1985
1990
1995
2000
2005
2010
2015
Source: Board of Governors of the Federal Reserve System (US)
b. What was the capacity utilization level in January of 2008 and what about in June of 2009?
January 2008:
%
June 2009:
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Transmission and Amplification Mechanisms-Ask FRED ALFREDi -capacity utilization: Total Industry Vintage: 2018-01-17 7 87.5 85.0 82.5 80.0 Capacity utilization is an estimate of how close an economy is to its maximum output, defined as the highest level of output sustainable given its resources. The accompanying graph depicts monthly total industry capacity utilization in the United States. 75.0 a 72.5 70.0 67.5 65.0 1985 1990 1995 2000 2005 2010 2015 Source: Board of Governors of the Federal Reserve System (US) b. What was the capacity utilization level in January of 2008 and what about in June of 2009? January 2008: % June 2009:

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b.

Transmission and amplification mechanism:

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