Macroeconomic forecasting is made more difficult due to the fact that
A) deviations from trend in real GDP are persistent.
B) turning points are hard to predict.
C) there is no regularity in comovements.
D) consumption is smooth.

Question

Quizplus · Accepted Answer

Turning points in the economy, such as the transition from expansion to recession, are difficult to predict, making macroeconomic forecasting challenging.

Macroeconomic Forecasting Is Made More Difficult Due to the Fact