Historical Evidence for the U.S.economy Indicates That

question 9

Multiple Choice

Historical evidence for the U.S.economy indicates that

• A)recessions have occurred roughly once every six years since the 1960s.
• B)the unemployment rate usually decreases during a recession and increases shortly after the recession ends.
• C)real GDP usually remains roughly constant during a recession and decreases shortly after the recession ends.
• D)changes in real GDP over the business cycle are largely attributable to changes in investment over the business cycle.

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Definitions:

Standard Error

A statistical measure that estimates the accuracy with which a sample distribution represents a population by using the standard deviation.

Dependent Variable

Outcomes or responses that researchers are interested in explaining or predicting, which change in response to independent variables.

Standard Error Of Estimate

A measure of the accuracy with which a sample distribution represents a population by quantifying the dispersion of sample mean values around the true population mean.

Predicted Values

Estimates or forecasts of outcomes generated by a model based on known data and relationships.