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Economic recessions are characterized by a decline in economic activity, including
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- A coincident indicator will change before a recession begins. True or False And why__________ refers to any situation in which disequilibrium is caused by one aspect of a society failing to change atthe same rate as an interrelated aspecConsider the model: yt = α0 + b0st + b1st-1 + b2st-2 + b3st-3 + ut. What is the effect of a permanent change in s on y?
- List some arguments for and against the likelihood of convergence.Will the shift of SRAS to the right tend to make theequilibriumquantityandpricelevelhigherorlower? What about a shift of SRAS to the left?In business forecasting using multiplicative decomposition which data component do you use to forecast sales outcome with macroeconomic change?
- Typically, when will the National Bureau of Economic Research (NBER) announce that the economy is in a recession? A. on the date that the recession begins B. typically, more than 10 years after the recession begins C. about six months before the recession begins D. a year or more after the recession has begunIf x is useful for predicting future GDP then a. x is countercyclical. b. x is coincident. c. x is a lagging variable. d. x is a leading variable.Explain the use of econometrics in context with forecasting and policymaking by using some suitable hypothetical example. How SRF and PRF lead to the difference between error and residual? Elaborate with appropriate graphical representation.