1. Define the three key business cycle regularities studied and determine the comovement between the real GDP in blue and the macroeconomic variable in red.
1. Define the three key business cycle regularities studied and determine the comovement between the real GDP in blue and the macroeconomic variable in red.
Chapter1: Making Economics Decisions
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Transcribed Image Text:1. Define the three key business cycle regularities studied and determine the comovement
between the real GDP in blue and the macroeconomic variable in red.
Percentage Deviation from Trend
-6
1975
GDP
1980
1985
1990 1995 2000 2005 2010 2015 2020
Year
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