In the recession of 2007-2009, the National Bureau of Economic Research's Business Cycle Dating Committee
A. ignored the traditional definition of a recession, marking the beginning in late 2007.
B. applied the traditional definition of a recession, marking the beginning in late 2007.
C. ignored the traditional definition of a recession, claiming that no recession had in fact occurred.
D. applied the traditional definition of a recession, but marking the beginning only in early 2009.
Answer: A
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Which of the following assets is the most liquid?
a. Money market mutual fund shares. b. Certificates of deposit. c. Dollars. d. Passbook savings deposits.
A firm will have constant profits of $100,000 per year for the next four years, and the interest rate is 6 percent. Assuming these profits are realized at the end of each year, what is the present value of these future profits?
A. $346,510.56 B. $325,816.49 C. $376,741.64 D. $400,000.85
The highest tariff rates of the twentieth century in the United States arose as a result of which law?
A) the Robinson-Patman Act B) the Tariff of Abominations Act C) the Wheeler-Lea Act D) the Smoot-Hawley Act
Refer to the data provided in Table 11.3 below to answer the following question(s). Table 11.3ProjectTotal InvestmentExpected Rate of Return(dollars) (percentage)New computer for sales staff $250,00011Remodel for distribution center$200,000 9On-site day care center $100,000 5Employee fitness center$50,000 4Refer to Table 11.3. If the interest rate is 4.5%, Blackstar Drone Manufacturing's total investment would be
A. $100,000. B. $150,000. C. $450,000. D. $550,000.