Multiple Choice
Which of the following is correct?
A) Real GDP is the variable most commonly used to measure short-run economic fluctuations.These fluctuations can be predicted with a much accuracy.
B) Real GDP is the variable most commonly used to measure short-run economic fluctuations.It is almost impossible to predict these fluctuations with much accuracy.
C) Nominal GDP is the variable most commonly used to measure short-run economic fluctuations.These fluctuations can be predicted with some accuracy.
D) Nominal GDP is the variable most commonly used to measure short-run economic fluctuations.It is almost impossible to predict these fluctuations with much accuracy.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: In 2008,the United States was in recession.Which
Q12: During recessions which type of spending falls?<br>A)consumption
Q13: Historically,the change in real GDP during recessions
Q14: Recession come at<br>A)regular intervals.During recessions consumption spending
Q15: During recessions<br>A)sales and profits fall.<br>B)sales and profits
Q17: In the last half of 1999,the U.S.unemployment
Q18: The investment component of GDP measures spending
Q19: Which of the following fall during a
Q20: Which of the following rises during recessions?<br>A)layoffs
Q21: Figure 33-1. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-1.