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Author Question: We use a two-period model because A) the business cycle has two phases: contraction and recovery. ... (Read 156 times)

berenicecastro

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on: Jun 30, 2018
We use a two-period model because
 
  A) the business cycle has two phases: contraction and recovery.
  B) it is the simplest dynamic model.
  C) we want to make a distinction between young and old households.
  D) this is the horizon of the politicians that formulate policy.

Question 2

If real GDP helps to predict the path of a particular macroeconomic variable, it is said to be a
 
  A) conventional variable.
  B) coincident variable.
  C) leading variable.
  D) lagging variable.


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Li Jun

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


berenicecastro

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Reply 2 on: Jun 30, 2018
:D TYSM

juliaf

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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