Fluctuations of real GDP around its potential level occur when overall spending declines, as in a recession, or when overall spending increases rapidly, as in recovery from a recession or in an expansion.
Standard detail
4.
Benchmark
Depth 1Parent ID: 8393455C89FD44788D6212B066B72348Standard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 4.
- List ID
- 4.
- Standard ID
- A135E9AECB4C4AC4AE64CFB243F07F70
- ASN identifier
- S2604864
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 8393455C89FD44788D6212B066B72348
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US