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
Answer: C
Economics
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According to the misperceptions theory, short-lived shocks may have long-term effects on the economy because of
A) multiplier effects. B) propagation mechanisms. C) accelerator effects. D) automatic stabilizers.
Economics
Two goods are substitutes when a decrease in the price of one good a. decreases the demand for the other good
b. decreases the quantity demanded of the other good. c. increases the demand for the other good. d. increases the quantity demanded of the other good.
Economics