Amplitude of the business cycle is
A) the amount of volatility in the business during one year.
B) the size of the minimum deviation from trend.
C) where the turning points of the business cycle occur.
D) the size of the maximum deviation from trend.
E) the amount of employment and real GDP changes during one year.
Correct Answer:
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Q6: Why is forecasting GDP in the long
Q7: Comovement can be determined by
A) examining a
Q8: The value of macroeconomic knowledge is in
A)
Q9: Robert Lucas has popularized the notion that
Q10: A business cycle peak is a
A) small
Q12: Which of the following is a feature
Q13: Positive correlation between x and y implies
Q14: Which of the following is a feature
Q15: Forecasting real GDP is
A) always easy.
B) easy
Q16: Comovement relates to
A) the relationship between real
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