When a macroeconomic aggregate is procyclical
A) it grows faster than GDP.
B) its deviations from trend generally change before the deviations from trend in GDP do.
C) its deviations from trend generally change more that the deviations from trend in GDP.
D) its deviations from trend are more often of the same sign as the deviations from trend in GDP.
D
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According to this Application, other economists disagree with Professor Gordon and suggest that the ________ will help to increase future growth
A) global interconnectedness B) the Internet C) computer technology D) all of the above
The U.S. economy faced negative inflation: a. after World War II
b. during the dotcom bubble. c. during the Great Depression of the 1930s. d. after the real estate bubble burst.
Cartels are unstable and will tend to fall apart due to cheating on the agreement.
Answer the following statement true (T) or false (F)
It is difficult to formulate the appropriate government policy to guarantee full employment and price level stability
Indicate whether the statement is true or false