Accumulated response of stage-2 ID
1
2
3
4
5
6
7
8
9
10
11
12
Accumulated response of stage-3 ID
1
2
3
4
5
6
7
8
9
10
11
12
Accumulated response of stage-4 ID
1
2
3
4
5
6
7
8
9
10
11
12
Accumulated response of final demand
1
2
3
4
5
6
7
8
9
10
11
12
Note: ID = Intermediate demand; SD = Standard deviation.
Source: Author's calculations based on data from the U.S. Bureau of Labor Statistics.