A procyclical variable ________
A) moves up during expansions and down during contractions
B) moves up during contractions and down during expansions
C) moves in the opposite direction of aggregate economic activity
D) all of the above
E) none of the above
A
Economics
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It is ________ difficult to effectively time fiscal policy than monetary policy because ________
A) more; fiscal policy can be quickly decided and changed B) more; fiscal policy takes longer to implement C) less; monetary policy takes longer to implement D) less; monetary policy takes longer to decide and change
Economics
How do expectations of higher inflation become embedded in the economy and affect actual inflation?
What will be an ideal response?
Economics