
Why is forecasting GDP in the long run so difficult?
A) There is no expertise in forecasting the long run trend in real GDP.
B) There is no regularity in the frequency and amplitude of fluctuations in real GDP.
C) These is an absence of data that provides any information on future trends.
D) Current models are not sophisticated enough to conduct this exercise.
E) Structural and statistical forecasting provide differing results.
Correct Answer:
Verified
Q2: Comovement relates to
A) the relationship between real
Q3: The defining feature of business cycles is
Q4: Comovement can be determined by
A) examining a
Q5: A business cycle peak is a
A) small
Q6: The defining feature of business cycles is
Q7: Amplitude of the business cycle is
A) the
Q8: An example of a statistical model is
Q9: Positive correlation between x and y implies
Q10: The property that macroeconomic variables fluctuate together
Q11: Business cycle persistence refers to the property
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