What are the three properties of economic fluctuations?
What will be an ideal response?
The three key properties of economic fluctuations are as follows:
i) Co-movement of many aggregate macroeconomic variables
ii) Limited predictability of fluctuations
iii) Persistence in the rate of economic growth
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In 1901, U.S. Steel was created through the ______________ merger of three steel firms. U.S. Steel combined Carnegie Steel, which had acquired iron ore and coal mines through previous _________ mergers, with National Steel and Federal Steel, both of which had strong __________ alliances
a. horizontal; backward vertical; forward vertical b. vertical; horizontal; backward vertical c. horizontal; horizontal; forward vertical d. vertical; forward vertical; horizontal
The ability of a government to fix its currency's exchange rate is limited by the size of its reserves
a. True b. False Indicate whether the statement is true or false