In a typical year, how accurate are forecasts of inflation and real GDP?

a. within 8-10 percentage points
b. within 2-3 percentage points
c. within 3/4 of 1 percentage point
d. within 1/4 of 1 percentage point

c

Economics

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Part of the effect of higher interest rates on residential construction is through

A) inflationary expectations. B) credit rationing. C) the expected value of the homes to the buyers. D) the income effect.

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The NAFTA would probably not have been ratified by Congress without labor and environmental side agreements

Indicate whether the statement is true or false

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