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Percentage Deviation from Trend in Total Weekly Hours 8: realGDP 6 4 2 o -2 .4 -6 -8 -1o 12 noncomaammwmohoomoam %dev trend total weekly

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Percentage Deviation from Trend in Total Weekly Hours 8: realGDP 6 4 2 o -2 .4 -6 -8 -1o 12 noncomaammwmohoomoam %dev trend total weekly hours ea dev trend employment The standard deviation of the deviation from trend for total weekly hours is 2269 your answers from part b, what is the source of the majority of the cyclical variati total weekly hours of employment? Briey explain. The standard deviation of the deviations from trend for the average weekly hours employment and real GDP are 0.40%, 2.21 % and 1.60% respectively. The most series over the cycle is total employment

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