Multiple Choice
The defining feature of business cycles is that they
A) are inherently bad.
B) measure prospects for future growth in the economy.
C) represent the underlying trend of real GDP in the economy.
D) are fluctuations about trend in real GDP.
E) measure standards of living and productivity.
Correct Answer:
Verified
Correct Answer:
Verified
Q49: If the correlation coefficient between x and
Q50: Real consumption tends to be<br>A)countercyclical and less
Q51: Average labour productivity tends to be<br>A)countercyclical and
Q52: Positive correlation between x and y implies
Q53: Real wages are defined as<br>A)the average money
Q55: Phillips curves are<br>A)hard to find in the
Q56: Average labour productivity<br>A)is more variable than real
Q57: A measure of the degree of correlation
Q58: Comovement relates to<br>A)macroeconomic variables fluctuating together in
Q59: If the correlation between GDP and y