(Solved): Key Facts about economic fluctuations  1. Key facts about economic fluctuations The graph inclu ...

1. Key facts about economic fluctuations The graph included below approximates thited States business cycles between quarter one of 1955 and quarter three of 1959 the shased region denotes periods of six of morn consecutwe months of dectining real gross domeatic groduct (real GDP). Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of decining reat cop, such as the blue-s period in 1957, is known as True or False: Small ups ani follow a consistent, predictable pattern. True False Which of the following probably occurred as the U.S, econsmy experienced declining real cOP in 195 th. check all that opply: Consumer spending declined. The unemployment rate increased. Retail sales dectined. Home sales increased. Source: "Current-dollar and Real GD.," Bureau of Economics Analysis, last modified May 1, 13, accessed May 15, 13, htta://www.bea.gov/national/xis/gdolev,xis Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, such as the blue-5ha period in 1957, is known as True or False: Small ups and downs in real GDP follow a consistent, predictable pattern. True False Thich of the following probably occurred as the U.S. economy experienced declining real GDP in 19577 Check all that apply, Consumer spending declined. The unemployment rate increased. Retail sales declined. Home sales increased.