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Refer to the Following Figure When Answering the Next Five $\tilde { Y } _ { t }$

question 23

Multiple Choice

Refer to the following figure when answering the next five questions.
Figure 9.2: U.S. Output Fluctuations 1960-2012 $Refer to the following figure when answering the next five questions. Figure 9.2: U.S. Output Fluctuations 1960-2012 (Source: BEA and CBO, data from Federal Reserve Economic Data, St. Louis Federal Reserve) -Consider Figure 9.2. The line represents short-run fluctuations, \tilde { Y } _ { t } . Since 1960, the largest boom was in about ________ and the deepest recession was in about ________. A) 1983; 1965 B) 1974; 1976 C) 2000; 1983 D) 1966; 1983 E) The economy always produces at its potential.$
(Source: BEA and CBO, data from Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider Figure 9.2. The line represents short-run fluctuations, $\tilde { Y } _ { t }$ . Since 1960, the largest boom was in about ________ and the deepest recession was in about ________.

Definitions:

Loanable Funds

A term in economics referring to the market where savers supply funds for loans to borrowers, influenced by interest rates.

Induces

Induces means to lead or move someone to take action, often by persuasion or influence.

National Saving

The total amount of savings in a country, equal to the sum of private and public savings, representing the portion of national income not used for consumption or government spending.

Consumption

Consumption involves the use of goods and services by households, constituting one of the main components of aggregate demand in an economy.

Refer to the Following Figure When Answering the Next Five Y~t\tilde { Y } _ { t }Y~t​

Definitions:

Refer to the Following Figure When Answering the Next Five $\tilde { Y } _ { t }$