Multiple Choice
Which of the following statements is (are) correct?
A) Both recessions and expansions can now be dated with great accuracy
B) The dating of recessions and expansions is very subjective.
C) The dating of recessions and expansions is complicated by determining potential output.
D) Both b and c
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Real gross national product is<br>A)the same as
Q13: Suppose that a firm spends $200,000 to
Q14: The most commonly used measure of changes
Q15: Personal saving<br>A)equals national income less personal consumption
Q16: Which of the following helps economists avoid
Q18: The period between a business cycle peak
Q19: The broadest measure of the aggregate price
Q20: In the U.S.,government expenditure accounts for<br>A)10% of
Q21: Based on the data in Table 2-7,recessions
Q22: In the base year,the relationship between nominal