Recessions are not identified for at least ________ months after it begins
a. 3
b. 4
c. 5
d. 6
d
You might also like to view...
A problem that exists when naturally occurring incentives encourage sufficient numbers of people to act in a way that makes everybody worse off is called a
A) zero-sum problem. B) cause-and-effect problem. C) collective action problem. D) trade-off.
An increase in the level of total factor productivity will lead to
A) an increase in the capital-labor ratio and an increase in real GDP worker. B) an increase in investment and a decrease in depreciation. C) an upward shift of the break-even investment line and an increase in the capital-labor ratio. D) a higher rate of dilution and lower break-even investment.
Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max is currently at point d,
A) his MRS is larger than the trade-off offered by the market. B) he is willing to give up more chicken than he has to, given market prices. C) he is not maximizing his utility. D) All of the above.
How does a decrease in the tax rate on income earned on saving affect saving, investment, the interest rate, and economic growth?
What will be an ideal response?