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In detail, can you explain what is happening in the graph? Two paragraphs.

In detail, can you explain what is happening in the graph? Two paragraphs.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In detail, can you explain what is happening in the graph? Two paragraphs.
imations Calibri Slide Show Review View Help ELLE Billions of Chained 2017 Dollars 28 A 15 54 Real GDP 20,000 FRED Real Gross Domestic Product 24,000 16,000 12,000 8,000 A BIUA E E EShapes ✓ Shapes Find & 4,000 0 1950 1950 LE3 1955 Shaded areas indicate U.S. recessions. 1960 1960 1965 LTZTEI 1970 H Q Search . Click to add text 1975 0 1980 1985 V 1990 Source: U.S. Bureau of Economic Analysis Dictate 1995 Add-ins ✓ 2000 13 EFTER1211CFERE ✪ Designer 2005 **14 2010 2015 I 5 2020 fred.stlouisfed.org C Give Feedback to Microsoft Notes
Transcribed Image Text:imations Calibri Slide Show Review View Help ELLE Billions of Chained 2017 Dollars 28 A 15 54 Real GDP 20,000 FRED Real Gross Domestic Product 24,000 16,000 12,000 8,000 A BIUA E E EShapes ✓ Shapes Find & 4,000 0 1950 1950 LE3 1955 Shaded areas indicate U.S. recessions. 1960 1960 1965 LTZTEI 1970 H Q Search . Click to add text 1975 0 1980 1985 V 1990 Source: U.S. Bureau of Economic Analysis Dictate 1995 Add-ins ✓ 2000 13 EFTER1211CFERE ✪ Designer 2005 **14 2010 2015 I 5 2020 fred.stlouisfed.org C Give Feedback to Microsoft Notes
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