Exam 4: The Macroeconomics of Strategy

Why are economic forecasts seldom accurate?

When there are measures in place to rescue banks there is a danger of

An economic boom will be characterized by

Which of the following industries are most likely to be most affected by economic fluctuations?

When constructing economic predictions, forecasters are able to model how key economic variables will behave together.

A solution for reducing ______________ in industries which are subject to exchange rate fluctuations is to 'buy forward'.

Growth in GDP is the result of which of the following?

Briefly explain the reasons for the Asian economic crisis in the late 1990s.

A methodology for producing alternative futures based on key economic variables produces a range of scenarios ranging from best case scenario to worst case scenario. What is the term for this method?

What is the most important factor influencing the level of aggregate demand in any national economy?

Forecasting the future of the economy is difficult partly because events may happen in the future that never happened in the past and therefore the quantitative models couldn't have taken that event into account.

________________________ has increased the complexity of macro-economic influences on industry because economies are becoming more interdependent.