ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$4, 500
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$8, 000
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$9, 000
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$13, 500
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Detailed explanation-1: -variables the predict, or lead to, a recession or recovery; examples include consumer confidence, stock market prices, business investment, and big-ticket purchases, such as automobiles and homes.
Detailed explanation-2: -Leading, coincident, and lagging indicators are economic variables that change before, at the same time as, and after changes in real GDP, respectively.
Detailed explanation-3: -The correct answer is (iv) Nominal GDP values production at current prices, whereas real GDP values production at constant prices.
Detailed explanation-4: -Which of the following accurately describes disinflation? It is the process of bringing down the inflation that has become embedded in expectations. The cost of disinflation is the: loss of real GDP in the process.