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By the end of this section, you will be able to explain recessions, depressions, peaks, and troughs; evaluate the importance of tracking real GDP over time; and analyze the impact of economic fluctuations on a country's output and price level.
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ap macroeconomics, gross domestic product (gdp), national bureau of economic research (nber), texas gateway, texas gateway: macroeconomics: chapter 5: tracking real gdp over time, the macroeconomic perspective, tracking real gdp over time, recessions, depressions, peaks, and troughs, comparing gdp in different years, gdp and the changes in price level
Classroom Considerations
- Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional