The body that is responsible for dating the beginning and ending dates for a recession is
A) the Fed.
B) the Congress.
C) the National Bureau of Economic Research.
D) the Bureau of Economic Analysis.
Answer: C
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The demand for one money is the supply of another money
Indicate whether the statement is true or false
Assume that average labor productivity is the same in each country. Based on the information in the table, which country has the smallest real GDP per capita?CountryPopulation (millions)Share of Population Employed (%)A10060B15055C7550D25045E9540
A. Country B B. Country D C. Country A D. Country E
GDP does not measure the economic well-being of a nation because:
a. some things which contribute to well-being have no price tag b. GDP places no value on leisure c. ecological costs are not netted out of GDP d. All of the above are correct.
The statement that "the rich get richer, and the poor get poorer" is supported by evidence of an expanding wage gap between high-skill and low-skill workers
a. True b. False Indicate whether the statement is true or false