The government office that declares official periods of recession and depression is the:
A. National Bureau of Economic Research.
B. Bureau of Labor Statistics.
C. Congressional Budget Office.
D. Federal Reserve Board.
A. National Bureau of Economic Research.
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The effect of a recession on a company like Whirlpool Corporation is such that
A) the decline in sales is more short-lived as compared to firms that do not produce durable goods. B) profits fall less sharply as compared to firms that do not produce durable goods. C) there is no difference in the impact of the recession on its profits as compared to firms that do not produce durable goods. D) sales decline more sharply for Whirlpool as compared to firms that do not produce durable goods.
Exhibit 30-3 Costs of Eliminating:Firm A Firm B Firm C 1st ton of pollution$ 30 $ 50 $ 600 2nd ton of pollution$ 70 $ 90 $ 700 3rd ton of pollution$125 $150 $ 900 4th ton of pollution$200 $250 $1,300 Refer to Exhibit 30-3. Suppose that Firms A, B, and C are the only polluters in the state and that each emits 4 tons of pollution into the atmosphere. To cut the level of pollution the government imposes an emission tax of $300 per ton of pollution. As a result of this tax, Firm A would _________________, firm B would ____________________ and firm C would __________________.
A. not reduce any of its pollution; not reduce any of its pollution; reduce all 4 tons of its pollution B. reduce all 4 tons of its pollution; only reduce 1 ton of its pollution; not reduce any of its pollution C. reduce all 4 tons of its pollution; reduce all 4 tons of its pollution; not reduce any of its pollution D. not reduce any of its pollution; reduce 3 tons of its pollution; reduce all 4 tons of its pollution
A federal budget deficit places a genuine burden on future generations when the
A. crowding-out effect is stronger than the crowding-in effect. B. crowding-in effect is stronger than the crowding-out effect. C. crowding-out and crowding-in effects work in opposite directions. D. crowding-out and crowding-in effects operate in the same direction.
At a given output level, a monopolist earns a profit only if the
a. slope of its TR curve exceeds the slope of his TC curve. b. height of its MR curve exceeds the height of his MC curve. c. height of its demand curve exceeds the height of his MR curve. d. height of its demand curve exceeds the height of his ATC curve.