The National Bureau of Economic Research decides the official start and end dates for a recession.
Answer the following statement true (T) or false (F)
True
Whenever there is an economic downturn, the Business Cycle Dating Committee of the NBER meets to decide the official beginning and end dates of the recession.
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The above figure shows the U.S. market for flip-flops. With international trade, the United States imports ________ flip-flops
A) 300,000 B) 500,000 C) 700,000 D) 0 flip-flops because the United States exports E) 400,000
From the earlier 1990s until 2012, the Japanese monetary was ________ and stock and real estate prices were ________
A) tight; rising. B) easy; rising. C) tight; falling. D) easy; falling.
A monopolist can sell 20 units a week at a price of $10 per unit. To sell 21 units a week, it would have to lower its price to $9 per unit. The marginal revenue of the 21st unit would be: a. $9
b. -$11. c. -$12. d. -$20.
If people regard economic fluctuations as temporary,
a. spending will be less sensitive to changes in income, and the multiplier will be larger. b. spending will be less sensitive to changes in income, and the multiplier will be smaller. c. they will be pessimistic about the future. d. spending will be more sensitive to changes in income. e. spending will be independent of changes in income.