What is the name of the organization that defines business cycle peaks and troughs in the United States?
A) the Bureau of Labor Statistics
B) the Federal Reserve
C) the National Bureau of Economic Research
D) the National Peak and Trough Committee
Answer: C
Economics
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Suppose the pizza at Pizza House and Little Weezer's are fairly close substitutes. If Pizza House raises their price 20%, and Little Weezer's keeps their price unchanged, which is most likely to occur?
A) The demand for Little Weezer's pizza will increase B) The demand for Pizza House pizza will decrease C) Both A and B D) None of the above
Economics
Which of the following is NOT a popular stock market index?
A) Dow Jones Industrial Average B) NASDAQ C) S&P 500 D) Moody's Market Index
Economics