1. Suppose that a countrys annual growth rates were 5,3,4,-1,-2,2,3,4,6 and 3 inyearly sequence over a 10 year period. What was

1. Suppose that a countrys annual growth rates were 5,3,4,-1,-2,2,3,4,6 and 3 inyearly sequence over a 10 year period. What was

1. Suppose that a countrys annual growth rates were 5,3,4,-1,-2,2,3,4,6 and 3 inyearly sequence over a 10 year period. What was the countrys trend rate of growth over this period? Which set of years most clearly demonstrates an expansionary phase of the business cycle? Which set of years best illustrates a recessionary phase of the business cycle?


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