The overall upward or downward pattern of the data in a quarterly time series will be contained in the O trend O irregular O cyclical O seasonal component.

recessions occur? regulary, about every 12 years regulary, about every 3 years irregulary regularly, about every 7 years

Macroeconomic indicators can be categorized as "leading" or "lagging". Which one in the list below is not a lagging indicator? Select one: O O a. The Consumer Price Index b. Labor market statistics c. Commodity prices d. Retail Sales

MULTIPLE CHOICE Let yt = 12.50 be the natural logarithm of Real GDP in year t. Suppose that gt = 12.45 is the trend for yt in year t. Then: (1) the cyclical component of Real GDP in year t is 5%. (2) the cyclical component of Real GDP in year t is −5%. (3) the cyclical component of Real GDP in year t is 0.05%. (4) the cyclical component of Real GDP in year t is −0.05%.

1. According to the given scatter diagram, answer the following questions. Okun's Law 1.5 E 1 0,5- 4 1 -1 -0,5 -1 -1,5 GDP Growth Rate Change in Unemployment Rate What is the growth rate (g1) that can keep the unemployment rate constant? If the Central Bank aims to reduce the unemployment rate from 8 percent to 7 percent, what should be corresponding GDP growth rate (g2) be? O g1=2 g2=4 81 = 682 = 2 g1=4 g2= 6 g1=2 g2= 6 g1 = 4 g2=2