6:33 PM courses.aplia.com iPad * 80%- Average: 13 1. Key facts about economic fl

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6:33 PM courses.aplia.com iPad * 80%- Average: 13 1. Key facts about economic fluctuations The following graph approximates business cydes in the United States from the first quarter of 1955 to the third quarter of 1959. The vertical blue bar coincides with peniods of 6 or more months of declining real gross domestie preduct (real GDP) Seuree: "Cue-dlar and Real GOP Burea of Econemics Analyss, last modified Nay 1, 13, cessed May 15, 13, tpwww.bea gotionals/goplew Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fuctuations in real GDP are ofter rue or False: Small ups and downs in real Cop follow a consistent, predictable pattern. Which of the following probably occurred as the U.S. ecenomy experienced increasing real GOP in 19587 Check al that apply. Retail sales increased Home sales dedlined. Consumer spending increased. Industrial production declined Continue without

Explanation / Answer

Short term fluctuations are referred as trough.

Given statement holds true. Small ups and down in GDP are predictable.

OPTION A & C are the probable reasons why real GDP was increased in 1858

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