The traditional definition of a recession is a decline in real GDP lasting for
A) at least one month.
B) at least two consecutive quarters.
C) at least one year.
At least two consecutive quarters ( six months)
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A nation's standard of living, as measured by real GDP per person, increases:
A. only if the share of population employed increases. B. if either average labor productivity and/or the share of population employed increase. C. only if both average labor productivity and the share of population employed increase. D. only if average labor productivity increases.
Adriana wants to try working as an independent contractor this summer. She has a 50 percent chance that she will make $9,000 and 50 percent chance that she will make nothing. Her utility of wealth curve is shown in the figure above
What's Adriana's cost of risk? A) $2,500 B) $2,000 C) zero D) $40
________ is creating a marketable capital market instrument by bundling a portfolio of mortgage or auto loans
A) Diversification B) Arbitrage C) Computerization D) Securitization
All else equal, a decrease in demand will cause an increase in producer surplus
a. True b. False Indicate whether the statement is true or false