A Business Cycle Trough Is a

question 40

Multiple Choice

A business cycle trough is a

• A)relatively large negative deviation from trend in real GDP.
• B)small negative deviation from trend in real GDP.
• C)relatively large positive deviation from trend in real GDP.
• D)minimum deviation from trend in real GDP.
• E)small positive deviation from trend in real GDP.

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Definitions:

Standard Normal Curve

A symmetric bell-shaped curve representing a normal distribution with a mean of zero and a standard deviation of one.

Standard Normal Variable

A random variable that follows a normal distribution with a mean of zero and a standard deviation of one.

Z-score

A measure of how many standard deviations an element is from the mean of its distribution.

Standard Normal Curve

A specific instance of a normally distributed curve where the mean is 0 and the standard deviation is 1.