In determining the beginning of recessions, the NBER Business Cycle Dating Committee looks for evidence of decline in:
A. the entire economy.
B. the rate of inflation.
C. specific sectors of the economy.
D. the stock market.
Answer: A
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One result of a decrease in aggregate demand and no change in aggregate supply is
A) a recession. B) an increase in employment levels. C) an economic expansion. D) a rise in the price level.
Monopolists can practice price discrimination in all monopoly markets
a. True b. False Indicate whether the statement is true or false
Answer the next question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All figures are in millions of dollars.AssetsLiabilities & Net WorthReserves$200 Checkable Deposits$600Loans100 Stock Shares700Securities500 Property500?Refer to the above data. The commercial banking system can expand the supply of money by a maximum of:
A. $36.5 million. B. $51.9 million. C. $66.67 million. D. $23.5 million.
Under which of the following scenarios is active domestic monetary policy least likely to be effective?
A. Fixed exchange rates; perfect capital mobility B. Flexible exchange rates; perfect capital mobility C. Flexible exchange rates; low capital mobility D. All three scenarios are equal.