The National Bureau of Economic Research is
A. funded by the Federal Reserve Banks and analyzes the banking system.
B. funded by Congress and evaluates the budget appropriations.
C. a nonprofit organization and evaluates the U.S. monetary policy.
D. a nonprofit organization and evaluates the business cycles.
Answer: D
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What are the three ways economies are organized?
a. communism, socialism, free b. market, capitalism, mixed c. traditional, command, market d. traditional, market, mixed
A CPI miscalculation that overstates its increase by 0.8 percentage points will cause
A. the price of goods to rise. B. the poverty line to rise too slowly. C. the poverty line to rise too quickly. D. the price of services to rise.
First, define nominal GDP and real GDP. Second, is it possible for nominal GDP in a year to be less than real GDP in the same year? Explain
What will be an ideal response?
Which of the following is an example of a positive externality?
A) something obtainable at a zero price B) a lower crime rate for a community in which residents receive more education C) increased purchases of landscaping services by a homeowner that boost a neighbor's property value D) a discount for consumers buying in large quantity