Multiple Choice
For the study of economic growth, it is most helpful to examine movements in ________; for the study of business cycles, it is most helpful to examine movements in ________.
A) trend GDP; deviations from trend in GDP
B) deviations from trend in GDP; deviations from trend in GDP
C) trend GDP; trend GDP
D) trend income; deviation from trend in income
E) deviations from trend in GDP; trend GDP
Correct Answer:

Verified
Correct Answer:
Verified
Q42: What do we assume about households and
Q43: Which of the following topics is a
Q44: Gross Domestic Product is<br>A) the quantity of
Q45: One possible explanation of the higher unemployment
Q46: In the long run, inflation is caused
Q48: Macroeconomists tend to agree on<br>A) the usefulness
Q49: Since 1870, the typical Canadian<br>A) became ten-times
Q50: Money is differentiated from other assets due
Q51: When a country has a current account
Q52: The response of monetary and fiscal policy