« previous next »

Author Question: The base year matters for the computation of real GDP because A) otherwise we cannot compute ... (Read 30 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Jun 30, 2018
The base year matters for the computation of real GDP because
 
  A) otherwise we cannot compute growth rates.
  B) relative prices can change over time.
  C) it allows an international comparison of GDP.
  D) it establishes a target for macroeconomic policy.

Question 2

Assume it takes the Fed 4 months to understand that a demand shock has occurred in the economy, and another 1 month to adjust policy to the shock.
 
  The initial 4 month time period refers to the ________, and the following one month time period refers to the ________. A) impact lag; implementation lag
  B) recognition lag; implementation lag
  C) implementation lag; policy lag
  D) policy lag; impact lag


potomatos

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

dinosaurs were real dinosaurs were real
Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ... Age-standardized disability-adjusted life year (DALY) rates from hepatitis B by country (per 100 000 ...
Available Fresh Water per year Available Fresh Water per year
Overfished per year Overfished per year
Real skeleton of a lion Real skeleton of a lion
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Brief Summary on Photosynthesis - Animation

For a complete list of videos, visit our video library