Multiple Choice
The defining feature of business cycles is that they
A) are inherently bad.
B) represent the underlying trend of real GDP in the economy.
C) are fluctuations about trend in real GDP.
D) measure prospects for future growth in the economy.
E) measure standards of living and productivity.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Positive correlation between x and y implies
Q10: Real investment tends to be<br>A) procyclical and
Q11: Difficulties in determining the cyclical pattern in
Q12: Average labour productivity tends to be<br>A) procyclical
Q13: A measure of the degree of correlation
Q15: The Great Moderation best applies to the
Q16: If the correlation between GDP and y
Q17: Business cycle persistence refers to the property
Q18: An example of a statistical model is
Q19: A reverse Phillips Curve would consist of