The Leading Macroeconometric Models Currently in Use in Australia and the U.S

question 18

Multiple Choice

The leading macroeconometric models currently in use in Australia and the U.S.:

• A) predict the same duration of the effects of a policy change.
• B) predict the same response of output to a monetary expansion.
• C) rely on the same set of assumptions.
• D) demonstrate that there is substantial uncertainty about policy effects.
• E) yield identical forecasts.