The Following Data Give the Dates of Successive Turning Points

question 12

Multiple Choice

The following data give the dates of successive turning points in U.S.economic activity and the corresponding levels of real GDP at the time. $$\begin{array} { c c c } \text { Turning Point } & \text { Date } & \text { Real GDP } \\&&\text { (1996 } \$ \text { billions) }\\\text { (A) } & \text { July } 1953 & 1992.2 \\\text { (B) } & \text { May } 1954 & 1941.0 \\\text { (C) } & \text { Apr. } 1957 & 2182.7 \\\text { (D) } & \text { Apr. } 1958 & 2117.4 \\\text { (E) } & \text { Apr. } 1960 & 2391.0\end{array}$$
Which of the turning points are troughs?

• A)(A),(B),and (C)
• B)(C),(D),and (E)
• C)(A),(C),and (E)
• D)(B)and (D)

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Definitions:

Associative Learning

The process by which an individual learns the connection between two stimuli, or between a behavior and a response.

Preparedness

The state of being ready and able to deal with upcoming challenges or emergencies, often involving planning and proactive measures.

Fear of Rats

An intense and irrational aversion or panic at the sight or thought of rats, often categorized as a specific phobia.

Loud Noise

High volume or intensity of sound that can potentially cause hearing damage or stress.