Which of the following is true?
A. A recession is defined as two or more successive quarters in which the economy shrinks instead of grows.
B. A recession is defined as two or more quarters in which unemployment rates are above 7 percent.
C. Unemployment is defined as the total number of workers who are not in the workforce in any given quarter.
D. Inflation is defined as a sudden rise in prices for hot commodities such as gasoline and electronics.
E. All of these choices are true.
Answer: A
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Indicate whether the statement is true or false
Declining terms of trade refers to
a. a lowering of trade barriers around the world. b. products from developing nations that compete primarily on price rather than quality. c. lower prices for exports but steady or rising prices for imports. d. higher interest rates for developing states that defaulted on loans.
Newspapers owned by publicly-traded chains are more likely to
A) ?remain neutral in the tone of their reporting. B) ?resort to negative or positive spin on the news. C) disregard the bottom line, in service of better reporting. D) ??promote journalistic integrity. E) ?be independent.
The power of the president to veto laws is an example of
A) implied powers. B) the supremacy clause. C) checks and balances. D) suffrage. E) the substantial powers clause.