Examine nominal GDP (FRED code: GDP) by repeating the steps in Data Exploration Problem 3. Based on
Question:
Examine nominal GDP (FRED code: GDP) by repeating the steps in Data Exploration Problem 3. Based on the figure showing percent change from a year ago, what was special about the behavior of nominal GDP during the financial crisis of 2007-2009 compared to previous decades?
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The plot appears below Unlike other recessions since 1960 nominal GDP fell n...View the full answer
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Related Book For 
Money Banking and Financial Markets
ISBN: 978-0078021749
4th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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