3) Employment tends to A) lag the cycle. C) sometimes lead, sometimes lag the cycle. D) be coincident with the cycle. Table 2-2 Year 1 Quantity 100 Year 2 Quantity 130 Price Price Apples Peaches $0.05 $0.03 $0.06 $0.04 300 270 4) Refer to above Table 2-2. Choosing the prices of year 2 gives a because year 2 prices place a rapidly. A) higher, lower, most C) lower, higher, least increase in real GDP valuation on quantities that have increased D) lower, lower, most 8) If real GDP helps to predict the path of a particular macroeconomic variable, it is said to be a A) conventional variable. C) lagging variable. D) leading variable.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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3) Employment tends to
A) lag the cycle.
C) sometimes lead, sometimes lag the cycle.
D) be coincident with the cycle.
Table 2-2
Year 1
Quantity
Year 2
Quantity
130
Price
Price
Apples
Peaches
100
$0.05
$0.06
300
$0.03
270
$0.04
4) Refer to above Table 2-2. Choosing the prices of year 2 gives a
because year 2 prices place a
rapidly.
A) higher, lower, most
C) lower, higher, least
increase in real GDP
valuation on quantities that have increased.
D) lower, lower, most
8) If real GDP helps to predict the path of a particular macroeconomic variable, it is said to be a
A) conventional variable.
C) lagging variable.
D) leading variable.
Transcribed Image Text:3) Employment tends to A) lag the cycle. C) sometimes lead, sometimes lag the cycle. D) be coincident with the cycle. Table 2-2 Year 1 Quantity Year 2 Quantity 130 Price Price Apples Peaches 100 $0.05 $0.06 300 $0.03 270 $0.04 4) Refer to above Table 2-2. Choosing the prices of year 2 gives a because year 2 prices place a rapidly. A) higher, lower, most C) lower, higher, least increase in real GDP valuation on quantities that have increased. D) lower, lower, most 8) If real GDP helps to predict the path of a particular macroeconomic variable, it is said to be a A) conventional variable. C) lagging variable. D) leading variable.
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