According to graph1 why and how a decrease in the blue line could cause a decrease in the orange line? Explain with two sentences. Graph2 displays a sharper decrease on the black line than the green line at the beginning of the recession. Why? 200 190 180 170 160 150 140 Graph 1: 130 120 2003:01 2003:02 2003:03 2003:04 2004:01 2004:02 2004:Q3 2004:04 2005:01 2005:02 2005:03 2005:04 Recession TO:900Z 2006:02 2006:03 2006:04 2007:01 2007:02 2007:03 2007:04 2008:01 2008:02 2008:03 2008:04 2009:01 2009:02 2009:0Q3 2009:04 2010:01 S&P/Case-Shiller U.S. National Home Price Index (left) Personal Consumption Expenditures (right) 10500 10000 9500 9000 8500 8000 7500 C

According to graph1 why and how a decrease in the blue line could cause a decrease in the orange line? Explain with two sentences. Graph2 displays a sharper decrease on the black line than the green line at the beginning of the recession. Why? 200 190 180 170 160 150 140 Graph 1: 130 120 2003:01 2003:02 2003:03 2003:04 2004:01 2004:02 2004:Q3 2004:04 2005:01 2005:02 2005:03 2005:04 Recession TO:900Z 2006:02 2006:03 2006:04 2007:01 2007:02 2007:03 2007:04 2008:01 2008:02 2008:03 2008:04 2009:01 2009:02 2009:0Q3 2009:04 2010:01 S&P/Case-Shiller U.S. National Home Price Index (left) Personal Consumption Expenditures (right) 10500 10000 9500 9000 8500 8000 7500 C

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphics To Economics

Problem 2SQP

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