Which of the following statements about economic fluctuations is true? - economic fluctuation
I. Economic cycles are regular and predictable patterns.
Second, most macroeconomic variables, real GDP, personal income and investments, together they fluctuate.
III. As real GDP falling, unemployment is falling.
Wednesday, January 6, 2010
Economic Fluctuation Which Of The Following Statements About Economic Fluctuations Is True?
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2 comments:
I and III are incorrect. Business cycles are unpredictable. As real GDP falls, unemployment rises.
It's true. Variables together often fluctuate, so that we can be of value to policy makers.
I and III are incorrect. Business cycles are unpredictable. As real GDP falls, unemployment rises.
It's true. Variables together often fluctuate, so that we can be of value to policy makers.
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