Macroeconomics (9th Global Edition)
9th Edition
ISBN: 9780134141534
Author: Andrew B. Abel, Ben Bernanke
Publisher: Pearson Global Edition
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Chapter 8, Problem 2RQ
To determine
To Explain: The term comovement and its relationship to the phases of a business cycle.
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What is comovement? How is comovement related tothe business cycle facts presented in this chapter?
Plot these data points, and identify the four phases of the business cycle. Give a theory that may explain the cause of the observed business cycle. What are some of the consequences of a prolonged decline in real GDP? Is the decline in real GDP from $1,000 billion to $500 billion a recession?
Are the four phases of the business cycle in a certain order?
Chapter 8 Solutions
Macroeconomics (9th Global Edition)
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