Which of the Following Is Correct

question 10

Multiple Choice

Which of the following is correct?

• A)Economic forecasts are precise and aggregate spending responds almost immediately to interest rate changes.
• B)Economic forecast are precise and aggregate spending responds to interest rate changes with a lag.
• C)Economic forecasts are imprecise and aggregate spending responds almost immediately to interest rate changes.
• D)Economic forecast are imprecise and aggregate spending responds to interest rate changes with a lag.

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Definitions:

Burritos

A Mexican dish consisting of a wheat flour tortilla rolled or folded around a filling, typically including beans, cheese, meat, and rice.

Marginal Revenue

The added financial gain received from selling an additional product or service unit.

Total Revenue

The total amount of money a company receives from its sales of goods or services, calculated as the quantity sold multiplied by the sale price.

Output

The total amount of goods or services produced by a company or country, usually measured over a specific period of time.