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
Q4: Business cycles in macroeconomics are<br>A) the increase
Q5: One important influence on the current account
Q6: In the long run,inflation is caused by<br>A)
Q7: Long-run inflation tends to<br>A) reduce employment, output,
Q8: In free-market economies<br>A) tend to produce socially
Q10: Two plausible hypothesis to explain the productivity
Q11: Growth in productivity slowed from the<br>A) early
Q12: The idea that government budget deficits do
Q13: When there is high inflation<br>A) interest rates
Q14: What do we assume about households and