Over the Last Half of the 20th Century,percentage Deviations from Trend

question 53

Multiple Choice

Over the last half of the 20th century,percentage deviations from trend in unemployment have been

• A) procyclical and have been larger than the percentage deviations from trend in real GDP.
• B) procyclical and have been smaller than the percentage deviations from trend in real GDP.
• C) countercyclical and have been larger than the percentage deviations from trend in real GDP.
• D) countercyclical and have been smaller than the percentage deviations from trend in real GDP.
• E) procyclical and have been smaller than the percentage deviations from trend in labour force participation.

Understand the historical trends in federal spending on defense and healthcare.

Comprehend the total government spending as a percentage of the U.S. economy.

Recognize the changes in real federal spending per person over time.

Analyze changes in the composition of federal spending over the last few decades.

---

Definitions:

Cash Flow Estimates

A projection of how cash is expected to flow in and out of a business over a given period of time, helping in financial planning and analysis.

Economic Forecasts

Predictions or estimates about future economic conditions and trends, often based on statistical models and current data.

Probabilities

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.

Cost Of Capital

The rate of return that a company must earn on its investments to maintain its market value and attract funds.