Most economists see the business cycle
A) as a regular pattern of recessions and expansions of the same length and intensity.
B) occurring as a result of anticipated macroeconomic changes in the marketplace.
C) as randomly occurring, resulting from unpredictable long-run changes in the macroeconomy.
D) as resulting from the response of households and firms to macroeconomic shocks.
D
Economics
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Which prices are used to measure goods and services in calculating the nominal GDP?
A) average prices B) past years prices C) current prices D) projected prices
Economics
A positive relationship between the rate of change in money prices and real GDP is
A) a leading relationship B) a lagging relationship. C) an example of countercyclicality. D) a Phillips curve.
Economics