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1. Define the three key business cycle regularities studied and determine the comovement between the real GDP in blue and the macroeconomic variable in red.(15p)

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1. Define the three key business cycle regularities studied and determine the comovement between the real GDP in blue and the macroeconomic variable in red.(15p)

image text in transcribed
3 2 Percentage Deviation from Trend -2 -3 -4 GDP -5 / -6 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Year

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