Which of the following statements is false? a) Trend GDP shows what the path of potential GDP would be if it grew steadily. b) A trough occurs at the end of a period of contraction. c) Trend GDP may be below potential GDP in some quarters and above in others. d) Trend GDP may be below actual GDP in some quarters and above in others.

Which of the following statements is false? a) Trend GDP shows what the path of potential GDP would be if it grew steadily. b) A trough occurs at the end of a period of contraction. c) Trend GDP may be below potential GDP in some quarters and above in others. d) Trend GDP may be below actual GDP in some quarters and above in others.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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