In determining the beginning of recessions, the NBER Business Cycle Dating Committee looks for evidence of decline in:
A. the rate of inflation.
B. specific sectors of the economy.
C. the stock market.
D. the entire economy.
Answer: D
You might also like to view...
In the above figure, if the interest rate is negatively related to household expenditures for any given level of household income, an increase in the interest rate will
A) shift the line vertically upward. B) shift the line vertically downward. C) make the line negatively sloped. D) cause no change in the line's position.
Sue consumes only sub sandwiches and Mountain Dew. Subs and Mountain Dew are complements. If the price of a sub sandwiches increases
A) Sue will move upward along her demand curve for subs. B) Sue will move downward along her demand curve for subs. C) Sue's demand curve for subs will shift leftward. D) Sue's demand curve for subs will shift rightward.
If people have a positive rate of time preference, they
a. must be rewarded for saving b. are willing to pay more for a good that saves them money if they hold on to it a long time c. prefer to consume in the future when things are cheaper d. prefer time deposits to savings accounts e. prefer leisure over labor
A firm's marginal and average costs may differ in the long and short run because:
A. in the short run all inputs are fixed. B. in the long run all inputs are fixed. C. in the short run all inputs are variable. D. in the long run all inputs are variable.