Are Forecasts of Economic Activity Accurate Enough to Permit "Fine-Tuning

question 41

Multiple Choice

Are forecasts of economic activity accurate enough to permit "fine-tuning" of the economy?

• A)No, forecasting is so inaccurate that it should be abandoned.
• B)No, forecasts are not accurate enough for this.
• C)Yes, forecasts are accurate and reliable enough for this.
• D)Yes, at least most of the time.

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Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.

Oral Agreement

A verbal commitment between parties that is not recorded in written form but may still be legally binding.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.

Original

In legal and official documents, "original" refers to the first form or version of a document that has not been copied, altered, or replicated.