In determining the beginning of recessions, the NBER Business Cycle Dating Committee looks for evidence of decline in:
A. the rate of inflation.
B. specific sectors of the economy.
C. the stock market.
D. the entire economy.
Answer: D
Economics
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Suppose you borrow $2,000 for one year and at the end of the year you repay the $2,000 plus $110 of interest. If the expected inflation rate was 2.2% at the time you took out the loan, what was the real interest rate you paid?
A) 2.2% B) 3.3% C) 5.5% D) 7.7%
Economics
________ are generally produced by the government.
A. Externalities B. Public goods C. Private goods D. Market failures
Economics