Refer to Figure 22.1 and Figure 22.5. Compare the movement of real investment and real consumption between

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Refer to Figure 22.1 and Figure 22.5. Compare the movement of real investment and real consumption between 1979 and the first quarter of 2019. Which variable showed more volatility? Briefly explain why this variable has been more volatile.

Figure 22.1

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Figure 22.5

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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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Question Posted: Mar 06, 2024 06:00 AM

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Refer to Figure 22.1 and Figure 22.5. Compare the movement of real investment and real consumption between

Question:

Real consumption (billions of 2012 dollars) $15,000 13,000 11,000 9,000 7,000 5,000 3,000 1979 Recessions of 1980 and 1981-1982 1983 1987 Recession of 2001 Recession of 1990-1991 1991 1995 1999 Recession of 2007-2009 2003 2007 2011 2015 2019

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Economics

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