Historical data on India's rainfall amounts and real GDP growth show that:
A) economic fluctuations are negatively correlated with real shocks.
B) economic fluctuations are positively correlated with real shocks.
C) economic fluctuations have no correlation with any shocks.
D) real shocks affect only long-term economic growth,but not short-run economic fluctuations.
Correct Answer:
Verified
Q1: If drought reduces farm output,farmers will probably:
A)
Q2: Rapid changes in economic conditions that have
Q4: Transmission mechanisms:
A) can amplify positive shocks.
B) can
Q5: Intertemporal substitution refers to:
A) the tendency to
Q6: Which of the following is NOT an
Q7: Which of the following is NOT a
Q8: Intertemporal substitution is:
A) the cost of shifting
Q9: Which of the following is NOT a
Q10: Economic forces that can amplify shocks across
Q11: A transmission mechanism:
A) mitigates shocks by spreading
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