EconomicActivity02/2012A. leading countercyclicalB. leading procyclicalC. lagging countercyclicalD. lagging procyclicalE. none of the above11/201403/20131. Referring to the graph above, an economic variable that had achieved the lowest point(trough) in March 2012, and December 2014, and June 2019 is likely avariable.06/2018A. 51 monthsB. 5 years and 3 monthsC. 6 years and 2 monthsD. 44 monthsE. 20 months05/20192. According to the graph above, the contraction/recession that began in 03/2013 had a durationof around

Trough" a trough os the lowest point of economic activity during a recession or contraction phase.…

1. Referring to the graph above, an economic variable that had achieved the lowest point variable. (trough) in March 2012, and December 2014, and June 2019 is likely a A. leading countercyclical B. leading procyclical C. lagging countercyclical D. lagging procyclical E. none of the above

1. Referring to the graph above, an economic variable that had achieved the lowest point variable. (trough) in March 2012, and December 2014, and June 2019 is likely a A. leading countercyclical B. leading procyclical C. lagging countercyclical D. lagging procyclical E. none of the above

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Chapter1: Making Economics Decisions

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Question

Economic
Activity
02/2012
A. leading countercyclical
B. leading procyclical
C. lagging countercyclical
D. lagging procyclical
E. none of the above
11/2014
03/2013
1. Referring to the graph above, an economic variable that had achieved the lowest point
(trough) in March 2012, and December 2014, and June 2019 is likely a
variable.
06/2018
A. 51 months
B. 5 years and 3 months
C. 6 years and 2 months
D. 44 months
E. 20 months
05/2019
2. According to the graph above, the contraction/recession that began in 03/2013 had a duration
of around

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21 Using the table below, find the average duration, the minimum duration, and the maximum duration of expansions in the United States since 1929. Recession Duration (months) Highest Unemployment Rate (%) 24.9 Duration of subsequent expansion (months) 50 Peak date Trough date (end) Mar. 1933 Change in real GDP (%) (beginning) Aug. 1929 May 1937 Feb. 1945 00:58:27 43 --28.8 June 1938 13 19.0 -5.5 80 Skipped Oct. 1945 8. 3.9 -8.5 37 Nov. 1948 Oct. 1949 11 5.9 -1.4 45 July 1953 Aug. 1957 Apr. 1960 Dec. 1969 May 1954 Apr. 1958 Feb. 1961 10 5.5 -1.2 39 8. 6.8 -1.7 24 10 6.7 2.3 106 Nov. 1970 11 5.9 0.1 36 Nov. 1973 Mar. 1975 16 8.5 -1.1 58 12 July 1980 Nov. 1982 Jan. 1980 6. 7.6 -0.3 -2.1 92 July 1981 July 1990 Mar. 2001 16 9.7 Mar. 1991 8° 7.5 -0.9 120 Nov. 2001 8 5.8 0.8 73 Dec. 2007 June 2009 18 10.0 -4.1 na Instruction: Enter your responses as whole numbers. me Average duration: Minimum duration: Maximum duration: Are expansions getting longer or shorter on average over time? (Click to…