If real GDP helps to predict the path of a particular macroeconomic variable, it is said to be a
A) leading variable.
B) lagging variable.
C) correlated variable.
D) conventional variable.
E) coincident variable.
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
Q3: Amplitude of the business cycle is
A)the size
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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