From the homepage of the Bureau of Economic Analysis ( www.bea.gov ) obtain quarterly data for U.S.

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From the homepage of the Bureau of Economic Analysis ( www.bea.gov )

obtain quarterly data for U.S. real GDP from three recessions: 1981–1982, 1990–1991, and 2001. (LO1 , LO2)

a. How many quarters of negative real GDP growth occurred in each recession?

b. Which, if any, of the recessions satisfied the informal criterion that a recession must have two consecutive quarters of negative GDP growth?

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Principles Of Macroeconomics

ISBN: 9780415568685

2nd Brief Edition

Authors: Robert Frank, Ben Bernanke

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