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In prepared remarks before Congress in mid-2007, Federal reserve chairman Ben Bernanke testified: "The principal source of the slowdown in economic growth... has been the substantial correction in the housing market. [and] The near-term prospects for the housing market remain uncertain." What makes forecasting turning points difficult? What methods do economists use to forecast turning points in the overall economy?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M963541

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