Macroeconomic Forecasting Is Made Easier Due to the Fact That

question 49

Multiple Choice

Macroeconomic forecasting is made easier due to the fact that

• A) real GDP is variable about trend.
• B) the business cycle has a regular frequency.
• C) deviations from trend in real GDP are persistent.
• D) turning points are easy to predict.

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Definitions:

Stereotype Threat

The effect of a negative stereotype about one’s self upon one’s own test performance.

Inequality

The state of not being equal, especially in status, rights, and opportunities; discrepancies in resources and power within a society.

Culturally Specific

Pertaining to or characteristic of a particular culture, indicating that certain practices, beliefs, or preferences are unique to that culture.

Biologically

Pertaining to the science of life or living organisms, often focusing on the genetic and physiological characteristics that define humans and other living beings.