Seasonal Adjustment in Macroeconomic Analysis

question 33

Multiple Choice

Seasonal adjustment in macroeconomic analysis

• A) is not usually important.
• B) is not necessary because economic activity tends to be too irregular for data-adjustment purposes.
• C) is often appropriate because most macroeconomic time-series exhibit predictable seasonal patterns.
• D) cannot be done because seasonal variation in production is extremely volatile and unstable.
• E) should never be done because is can mask important seasonal phenomena.

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Definitions:

Francs

A currency that was previously used in countries like France, Switzerland, Belgium, and Luxembourg, with some forms still in use today in a limited capacity.

Consumption

The use of goods and services by households or the economy, often seen as a primary indicator of economic health.

Revealed Preferences

A concept in economics that studies consumer behavior based on the choices they make, revealing their preferences.

Francs

A former currency of France, which was replaced by the Euro.