What are the three properties of economic fluctuations?
What will be an ideal response?
The three key properties of economic fluctuations are as follows:
i) Co-movement of many aggregate macroeconomic variables
ii) Limited predictability of fluctuations
iii) Persistence in the rate of economic growth
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As an economic expansion approaches its peak, it is very likely that real GDP will
A) exceed nominal GDP. B) exceed potential GDP. C) equal nominal GDP but not potential GDP. D) be less than potential GDP. E) equal nominal GDP and equal potential GDP.
What's a direct long-run effect of imposing rent controls on apartments?
A) A rise in demand for rent controlled apartments B) A fall in demand for rent controlled apartments C) A fall in the supply of rent controlled apartments D) A rise in the supply of rent controlled apartments
If the interest rate on Japanese yen assets falls while interest rates in the United States remain constant, the
A) quantity of dollars demanded will increase. B) quantity of dollars demanded will decrease. C) demand for dollars will increase. D) demand for dollars will decrease.
__________ and __________ quotation are also referred to as American and European Quotes.
Fill in the blank(s) with the appropriate word(s).