GDP is a good proxy for the business cycle itself since ________.
A) its real consumption spending component is procyclical and coincident
B) its real investment spending component is procyclical and coincident
C) it typically goes up in a boom and down in a recession
D) all of the above
E) none of the above
Correct Answer:
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Q34: The credit spread between government bonds and
Q35: Which of these economic variables is procyclical?
A)consumer
Q36: A characteristic of the inflation rate is
Q37: Why is the credit spread countercyclical and
Q38: Which of these economic variables is procyclical?
A)unemployment
B)the
Q40: Which of these economic variables is procyclical?
A)inflation
B)unemployment
C)the
Q41: The policies of the U.S.Federal Reserve probably
Q42: Classical economists believe that _.
A)it takes a
Q43: The years from 1933 to 1937 are
Q44: The U.S.economy of the 1970s is typically
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