Braun and Evans found that
A) the measured Solow residual varied sharply over the seasons.
B) electricity use by producers rises sharply in economic upturns.
C) professional forecasters have rational expectations of inflation.
D) shocks to fiscal policy are the main source of business cycle fluctuations.
A
Economics
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A) is unable to affect the world real interest rate by its borrowing and lending decisions. B) will always be a net borrower from abroad. C) will always be a net lender abroad. D) is almost never able to borrow abroad.
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