To identify the onset of a recession, the National Bureau of Economic Research (NBER) Business Cycle Dating Committee:
A) uses data on nominal GDP for two consecutive quarters.
B) uses a range of indicators including real GDP, employment and income.
C) identifies declining economic activity solely based on a fall in real GDP.
D) uses a procedure that determines the dates of peaks and troughs mainly on the basis of employment.
Correct Answer:
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Q18: Use the following to answer questions.
Exhibit: Real
Q19: The total value of all final goods
Q20: Suppose nominal GDP in a country rose
Q21: Which of the following is NOT a
Q22: Use the following to answer questions .
Exhibit
Q24: The terms inflation and deflation refer to
Q25: Use the following to answer questions .
Exhibit
Q26: Over time, _ has/have been the general
Q27: Use the following to answer questions .
Exhibit
Q28: Which of the following statements is true?
A)
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