_____ is a forecasting technique that uses a weighted average of past time-series values to forecast the value of the time series in the next period. Group of answer choices
Fill in the blank(s) with the appropriate word.
Ans: Single exponential smoothing (SES)
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Which of the following statements is true?
A) An increase in potential GDP increases aggregate supply and shifts the AS curve leftward. B) A decrease in potential GDP decreases aggregate supply and shifts the AS curve leftward. C) An increase in the money wage rate shifts the AS curve rightward. D) A fall in the price level shifts the AS curve leftward. E) An increase in the money wage rate increases potential GDP.
One plausible explanation of the U.S. productivity slowdown starting in 1973 is that it is an artifact of mismeasurement. This explanation would require that production of
A) goods is underestimated. B) goods is overestimated. C) services is underestimated. D) services is overestimated.
We measure economic growth by the percentage change in real GDP. In general terms outline the course of the U.S. output growth rate in recent decades, both in terms of its trend and its changes around trend
Pay particular attention to the stability of the growth rate.
The price of a good is the most important determinant of the supply of that good
a. True b. False Indicate whether the statement is true or false