2. How does each of the following variables behave over the business cycle? Develop graphs to show...

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2. How does each of the following variables behave over the business cycle? Develop graphs to show your results and give economic explanations.

a. Real imports

b. Federal government receipts

c. Housing starts

d. Capacity utilization rate, manufacturing

e. Average weekly hours, manufacturing

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Macroeconomics Value Edition

ISBN: 978-0136114895

7th Edition

Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore

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