The property that macroeconomic variables fluctuate together in patterns that exhibit strong regularities is called
A) coincidence.
B) co-movement.
C) correlation.
D) coexistence.
B
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Tennis balls and tennis rackets are complements. If a 3 percent change in the price of a tennis racket leads to a 9 change in the quantity of tennis balls demanded, the cross elasticity of demand equals
A) 3. B) -3. C) 1/3. D) -1/3. E) 9.
Which of the following situations is represented by a nearly horizontal supply curve for a good?
a. Small price changes lead to small changes in quantity demanded of the good. b. Small price changes lead to small changes in quantity supplied of the good. c. Producers of the good are not operating efficiently. d. Producers of the good are not maximizing profit. e. Small changes in the price of the good lead to large changes in the quantity supplied of the good.
Which of the following situations is an example of bank mismanagement?
a. Bank A receiving a deposit of $40,000 from a client and giving it out as a loan to another client the next day b. Bank B giving a loan to a client, knowing he probably would not pay it back c. Bank C investing in bonds issued by the federal government since it could not find potential borrowers d. Bank D selling a loan to Bank C since it did not have resources to recover the loan
Which of the following equations could be used in the value-added approach?
a. $.25 + $.75 + $1.00 – $1.50 = $.50 b. $.25 + $.75 + $1.00 + $1.50 = $3.50 c. $.25 – $.75 + $1.00 x $1.50 = $.75 d. $.25 + $.75 + $1.00 ? $1.50 = $1.33