Multiple Choice
Economic forecasting is not perfect:
A) So this means that any attempt to do so should be abandoned.
B) But this does not mean no attempt should be made to make forecasts.
C) Because the information on which it is based is always inaccurate.
D) It is only based on normative information not positive information.
Correct Answer:
Verified
Correct Answer:
Verified
Q43: A severe and prolonged recessionary phase of
Q44: If economic growth declines then it must
Q45: In what way does the real business
Q46: Economists refer to fluctuations in output as
Q47: Which business cycle model is based around
Q49: Name two macroeconomic variables that decline when
Q50: In the real business cycle:<br>A) Employment, labour
Q51: Recessions do not last forever because<br>A) Workers
Q52: If data exhibits a trend that is
Q53: Which would cause UK firms to think