11. A variable that moves in opposite direction of aggregate economic activity is calleda. non-stationary variableb. acyclical variablec. counter cyclical variabled. procyclical variableQUESTION 1212. Fed decides to increase the money growth from its current level by 5%. In the long-run this policy willa. increase inflation by more than 2%.b. increase inflation by 5%.c. increase inflation by less than 5%d. none of the above.

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11. A variable that moves in opposite direction of aggregate economic activity is called a. non-stationary variable b. acyclical variable c. counter cyclical variable d. procyclical variable

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A. Net export spending will have a negative value when the country exports more goods than it imports from other countries. Group of answer choices True False B. Which of the following components of GDP includes your tuition payments? Group of answer choices consumption of nondurable goods investment consumption of durable goods consumption of services C. In the economy, income earned when producing new final goods and services must equal expenditure on the new final goods and services. Group of answer choices True False
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