Refer to the following table when answering
Table 11.1: Real Growth Rates: 1950-2012
-You are given the data in Table 11.1, which covers the period 1950-2012. "Mean" is the average growth over the period and "St Dev" is the standard deviation of the growth (a measure of volatility) of real output, consumption, investment, and government expenditures. From this information, you conclude that:
A) households smooth their consumption more than other sectors
B) firms do not base their decisions on more than the potential GDP
C) foreigners are fickle consumers
D) government expenditures are zero
E) government expenditures are constant
Correct Answer:
Verified
Q2: In the long run:
A) the federal funds
Q4: Every six to eight weeks, or so,
Q6: Which of the following describes the
Q7: In the equation
Q8: In the IS curve, consumption, government expenditure,
Q9: In the long run, if the
Q11: In the equation
Q15: In the simple IS curve analysis, which
Q19: In the short run, if the Federal
Q20: If the real interest rate is less
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