Low inflation rates tend to accelerate into higher and higher rates of inflation

Suppose you are an advisor to the Business Cycle Dating Committee. You are asked to look at macroeconomic data to evaluate whether the economy has entered a recession this year

Which data do you look at? How does the economy behave at the onset of a recession?

The belief that everyone should have exactly the same amount of income is

A) merit standard. B) comparable-worth doctrine. C) egalitarian principle. D) Lorenz principle.