The duration of a recession is measured from:
A. trough to peak.
B. trough to trough.
C. peak to trough.
D. peak to peak.
Answer: C
You might also like to view...
The stimulus package of 2009 had the effect of
A) causing higher rates of inflation to occur. B) giving new foreign aid to help less developed countries. C) significantly raising the debt to GDP ratio. D) reducing the primary government deficit.
Which of the following lists two things that both decrease the money supply?
a. raise the discount rate and make open market purchases b. raise the discount rate and make open market sales c. lower the discount rate and make open market purchases d. lower the discount rate and make open market sales
The following simple model is used to determine the annual savings of an individual on the basis of his annual income and education.
Savings = ?0 + 
0 Edu + ?1Inc + u
The variable ‘Edu' takes a value of 1 if the person is educated and the variable ‘Inc' measures the income of the individual.
?
Refer to the model above. The benchmark group in this model is _____.
A. the group of educated people B. the group of uneducated people C. the group of individuals with a high income D. the group of individuals with a low income
The problem with the strategy of achieving credibility through reputation is that
A. rules always have a lower cost than reputations in maintaining credibility. B. reputations lack any commitment. C. serious costs may be incurred during the period in which reputation is established. D. reputations are rarely credible.