2 Question Consider the following statement that appeared in a newspaper article: Although these seasonally adjusted GDP figures show nothing unto- ward, if we look
2 Question Consider the following statement that appeared in a newspaper article: "Although these seasonally adjusted GDP figures show nothing unto- ward, if we look at the seasonally unadjusted figures, a different story is told: real GDP dropped by 8 percent from the fourth to the first quarter!" a) What does this information suggest is the normal behavior of unadjusted quar- terly GDP when moving from the fourth to the first quarter? How can you tell? b) What do you think is causing this effect
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