Amplitude of the business cycle is
A) the size of the maximum deviation from trend.
B) the size of the minimum deviation from trend.
C) where the turning points of the business cycle occur.
D) the amount of employment and real GDP changes during one year.
E) the amount of volatility in the business during one year.
Correct Answer:
Verified
Q1: Average labour productivity
A)cannot be measured.
B)is measured as
Q2: Comovement relates to
A)macroeconomic variables fluctuating together in
Q4: If real GDP helps to predict the
Q5: Employment is
A)more variable than real GDP.
B)about as
Q6: The property that macroeconomic variables fluctuate together
Q7: Robert Lucas has popularized the notion that
Q8: If deviations from trend in a macroeconomic
Q9: Average labour productivity tends to be
A)countercyclical and
Q10: If the correlation between GDP and y
Q11: A business cycle trough is a
A)relatively large
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