Economic Forecasters

question 27

Multiple Choice

Economic forecasters

• A)almost always time their proposed policy actions accurately
• B)almost always misread the state of the economy
• C)always have an accurate economic model to work with
• D)cannot always accurately predict how a policy change will affect the expectations and actions of households and firms
• E)none of the above

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Definitions:

Resting Membrane Potential

The electrical charge difference across the cell membrane when the cell is not conducting electrical signals, maintaining a negative charge inside relative to the outside.

Plasma Membrane

The biological membrane that separates the interior of all cells from the outside environment, controlling the passage of substances in and out of cells.

Pseudo-Unipolar Neurons

Neurons that have a single process extending from the cell body which divides into two branches: one connected to dendrites that receive sensory information and another to the spinal cord.

Sensory Neurons

Nerve cells that transmit sensory information (e.g., touch, sound, pain) from the body to the central nervous system.