Braun and Evans found that
A) the measured Solow residual varied sharply over the seasons.
B) electricity use by producers rises sharply in economic upturns.
C) professional forecasters have rational expectations of inflation.
D) shocks to fiscal policy are the main source of business cycle fluctuations.
A
You might also like to view...
A profit-maximizing monopolistically competitive firm produces and sells an allocatively efficient quantity of output
Indicate whether the statement is true or false
Scarcity is a condition that exists when
A) there is a fixed supply of resources relative to the demand for the product. B) there is a large demand for a product. C) resources are not able to meet the entire demand for a product. D) All of the above
Which of the following statements about markets is correct?I.A market helps resources move to their highest-valued uses by means of prices changes.II.A market represents the exchanges of both buyers and sellers.
A. I only B. II only C. Both I and II D. Neither I nor II
vertical S curve at Q = 1
What will be an ideal response?