Multiple Choice
-Based on the figure above, in which quarter or quarters did an expansion occur?
A) between 2004, 2nd quarter to 2005, 2nd quarter and also between 2006, 2nd quarter to the end of the figure
B) in 2005, 2nd quarter
C) between 2005, 2nd quarter to 2006, 2nd quarter
D) in 2006, 2nd quarter
E) there are no expansions illustrated in the figure
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Can nominal GDP ever be less than
Q33: If the purchase of used goods was
Q58: The measurement of GDP handles underground production
Q88: Use the idea of the circular flow
Q120: The U.S.economy is experiencing rising output,rising employment,rising
Q140: If we use GDP to measure our
Q162: Over the business cycle,<br>A)potential GDP fluctuates around
Q202: Everything else the same,if government expenditure increases
Q224: Which of the following is NOT part
Q254: If real GDP is greater than nominal