Multiple Choice
Macroeconomists generally believe that year-to-year fluctuations in real GDP around its trend are best thought of as
A) variations in the economy's equilibrium rate of growth.
B) measurement error.
C) the sign of a healthy dynamic economy.
D) temporary departures from long-run equilibrium.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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