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Business cycle persistence refers to the property that

ice5192

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6 years ago

Business cycle persistence refers to the property that

Business cycle persistence refers to the property that
A) real GDP is rarely exactly at trend.
B) booms and recessions last a long time.
C) when real GDP is above trend, it tends to stay above trend, and when it is below trend, it tends to stay below trend.
D) business cycles are persistently hard to predict.
E) real GDP tends to stay in the peaks and troughs of the business cycle.

Textbook

Macroeconomics, Canadian Edition

Edition: 5^th

Author: Williamson

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