The committee of the National Bureau of Economic Research that determines when a recession in the U.S begins and ends looks at
a. employment, industrial production, sales, and personal income.
b. real GDP.
c. employment and sales.
d. employment.
e. sales and industrial production.
A
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Which of the following revenue-raising options did the "colonial" government select to secure the resources needed to revolt?
(a) Printing money and borrowing from other countries (b) Printing money and confiscating property (c) Taxing and borrowing from other countries (d) Taxing and reducing non-military government spending
Acquiring a firm that sells a substitute good would make the demand curve for your original product
a. More inelastic b. More elastic c. Unchanged d. None of the above
Under the gold standard,
a. no nation had control of its domestic monetary policy, and therefore no nation could control its aggregate demand. b. the world's commerce was at the mercy of gold discoveries. c. discoveries of gold meant higher prices in the long run and higher real economic activity in the short run. d. All of the above are correct.
If an individual or family began at age 25 paying funds into a tax-free investment account or pension earning a 7 percent real return, how much would they have to save annually in order for the funds to be worth a million dollars (measured in the purchasing power of today's dollar) when they reach age 65?
a. approximately $5,000 annually b. approximately $10,000 annually c. approximately $20,000 annually d. approximately $50,000 annually