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1) Which of the following is most commonly used to monitor short-run changes in economic activity? the inflation rate
1) Which of the following is most commonly used to monitor short-run changes in economic activity?
the inflation rate.
value of the U.S. dollar in the foreign exchange market.
interest rates.
real GDP.
2) Recession come at (hint: for part 2, which decline in spending is larger)
a. regular intervals. During recessions consumption spending falls relatively more than investment spending
b. regular intervals. During recessions investment spending falls relatively more than consumption spending
c. irregular intervals. During recessions consumption spending falls relatively more than investment spending
d. irregular intervals. During recessions investment spending falls relatively more than consumption spending.
Expert Solution
Answer:
1.
The answer is option e- real GDP
Real GDP is most commonly used to monitor short-run changes in economic activity
2.
the correct option is d) irregular intervals. During recessions incestment spending falls relatively more than consumption spending
during recessions, sales and profit fall
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