Stability of the U.S. economy between 1985 and 2007 referred to as
A) Great Moderation.
B) the Great Depression.
C) Automatic Stabilizer.
D) Fiscal Discretion.
A
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The traditional definition of a recession is a decline in real GDP lasting for
A) at least one month.
B) at least two consecutive quarters.
C) at least one year.
In the production function Y = A(G,P,T) F(K,R,H,N), the exogenous factors are
A) G,R,H. B) G,P,T. C) P,T,K. D) P,R,G.
If we have a small standard error, then
A) the estimated coefficient is small. B) the true demand function has imprecise coefficients. C) the expected variation of the estimated coefficient is small. D) the estimated coefficients are imprecise indicators of the true values.
Firms that have several plants that produce the same or related products are said to be:
A) horizontally integrated. B) vertically integrated. C) conglomerates. D) cooperatives.