Which of the following is correct?a. Economic fluctuations are easily predicted by competent economists.b. Recessions have never occurred very close together.c. Spending, income, and production do not fluctuate closely with real GDP.d. None of the above is correct.

Which of the following is correct?a. Economic fluctuations are easily predicted by competent economists.b. Recessions have never occurred very close together.c. Spending, income, and production do not fluctuate closely with real GDP.d. None of the above is correct.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 14QP

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Question

Which of the following is correct?
a. Economic fluctuations are easily predicted by competent economists.
b. Recessions have never occurred very close together.
c. Spending, income, and production do not fluctuate closely with real GDP.
d. None of the above is correct.

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