Comparing State economies to that of the US as a whole shows that
a) about half the States are in recession at any point in time
b) when the US enters a recession, about 20% of the States experience economic expansion, and vice versa
c) there is very little correlation between the national and regional economies
d) there is a highly positive correlation between the national economy and most State economies
e) the 12 Federal Reserve districts experience business cycles independently of each other
d) there is a highly positive correlation between the national economy and most State economies
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In Thailand in the late 1990s, there was pressure for the value of the baht to decline as foreign investors began to
A) increase their investments in Thailand and exchanged their dollars for baht. B) increase their investments in Thailand and exchanged their baht for dollars. C) sell off investments they had made in Thailand and traded in their baht for dollars. D) sell off investments they had made in Thailand and traded in their dollars for baht.
Prior to 1877 business could not be regulated by the states because of:
a. lack of public support b. the fifth amendment c. the 10th amendment d. the due process clause e. all of the above
The natural rate of unemployment is closely associated with the short-run ups and downs of economic activity
a. True b. False Indicate whether the statement is true or false
Assets are:
A. saving minus investment. B. current income minus spending on current needs. C. anything of value one owns. D. stocks, bonds, and credit card balances.