The Following Table Shows Real GDP and Potential Real GDP

question 88

Multiple Choice

The following table shows real GDP and potential real GDP for the years 2000-2012. Refer to this table when answering
Table 10.1 ($ billions)
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
$$\begin{array} { c c c } \hline & \begin{array} { c } \text { Potential } \\\text { GDP }\end{array} & \text { Real GDP } \\\hline 2000 & 10,909.7 & 11,216.4 \\2001 & 11,304.5 & 11,337.5 \\2002 & 11,674.3 & 11,543.1 \\2003 & 12,003.6 & 11,836.4 \\2004 & 12,290.0 & 12,246.9 \\2005 & 12,569.2 & 12,623.0 \\2006 & 12,864.6 & 12,958.5 \\2007 & 13,177.7 & 13,206.4 \\2008 & 13,485.0 & 13,161.9 \\2009 & 13,745.4 & 12,758.0 \\2010 & 13,950.3 & 13,063.0 \\2011 & 14,166.6 & 13,299.1 \\2012 & 14,411.0 & 13,593.2 \\\hline\end{array}$$
-According to the data in Table 10.1, what years did the Bush administration enjoy an expansionary gap?

• A) 2005 and 2006
• B) 2007-2009
• C) 2001, 2005, 2006
• D) 2002, 2003, 2008
• E) 2011-2012

Recognize the basis and techniques of behavior therapy, including the roles of counterconditioning, modeling, and aversion therapy.

Understand the concepts of spontaneous remission and the effectiveness of different therapy approaches including insight therapy and behavior therapy.

Grasp the impact of cognitive behavioral therapy techniques and the significance of addressing maladaptive beliefs and behaviors.

Identify and explain concepts related to therapy effectiveness, including placebo effects, therapeutic success measures, and factors influencing therapy outcomes.