Graph Percentage Change in Real GDP since 1959. On this graph, label any peaks or troughs. Also indicate on the graph periods of recession, recovery and expansion. [Keep in mind that as long as the percentage change line is above the red zero line, GDP growth was positive meaning the economy was not in a recession or depression.] Do you think business cycles are a major problem in the United States today? Why or why not? Fully explain your position.

9. On the above graph, use a dotted line to predict what you think will happen to Real GDP growth in the next five years (2017-2021). Upon what did you base your prediction? Explain in some detail.

 

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cineration Q3 2019: 0.5 (moon) updated Mor 27, 201 FRED-Real Gross Domestic Product 4 that Percent Change, Seasonally Adjusted Annual Rate MAMM 1 0 Shaded arenedicate 5 mon 19 Evepency Quarterly 100 IY. ISY | 10Y | Max 1900 иму заливарто приват www. whe Source US Bureau of Economic Analys 1990-01-01 2000 EDIT GRAPH O 33 Send feedback cineration Q3 2019: 0.5 (moon) updated Mor 27, 201 FRED-Real Gross Domestic Product 4 that Percent Change, Seasonally Adjusted Annual Rate MAMM 1 0 Shaded arenedicate 5 mon 19 Evepency Quarterly 100 IY. ISY | 10Y | Max 1900 иму заливарто приват www. whe Source US Bureau of Economic Analys 1990-01-01 2000 EDIT GRAPH O 33 Send feedback

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Business cycle refers to booms and busts in the economyI... View the full answer