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I NEED HELP 1. Key facts about economic fluctuations The following graph approximates business cycles in the United States from the first quarter of 1955

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1. Key facts about economic fluctuations The following graph approximates business cycles in the United States from the first quarter of 1955 to the third quarter of 1959. The vertical blue bar coincides with periods of 6 or more months of declining real gross domestic product (real GDP). 2800 2700 REAL GDP (Billions of dollars) 2600 2500 2400 1955 1956 1957 1958 1959 YEAR Source: "Current-dollar and Real GDP," Bureau of Economics Analysis, last modified May 1, 13, accessed May 15, 13, http://www.bea.govational/xIs/gdplev.xIs. Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as True or False: Short-term fluctuations in real GDP are irregular and unpredictable. True False

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