Question
11) Consider the diagram to the right in the next column. The line represents the economy'sgrowth trend, and the curve represents the economy's actual course
11) Consider the diagram to the right in the next column. The line represents the economy'sgrowth trend, and the curve represents the economy's actual course of business fluctuations. For each part below, provide the letter label from the portion of the curve that corresponds to the associated term.
a.)Using the point drawingtool,indicate a point on the curve that represents a contraction or recession. Label this point A.
b.)Using the point drawingtool,indicate a point on the curve that represents a peak. Label this point B.
c.)Using the point drawingtool,indicate a point on the curve that represents a trough. Label thatpointC.
d.)Using the point drawing tool,indicate a point on the curve that represents an expansion. Label thatpoint
Carefully follow theinstructions above, and only draw the required objects.
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