Computer forecasting models have
a. been able to forecast changes in the growth rate of real GDP with considerable accuracy.
b. had only limited success predicting turns in key economic variables such as real GDP.
c. been able to accurately forecast the future direction of inflation but not real GDP.
d. been able to accurately forecast the future direction of real GDP but not inflation.
B
Economics
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The short-run Phillips curve shows the relationship between the inflation rate and the unemployment rate when ________ remain(s) constant
A) fiscal policy B) the natural unemployment rate and the expected inflation rate C) monetary policy D) interest rates E) aggregate demand
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Tax systems in developing countries tend to be efficient and reliable
Indicate whether the statement is true or false
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