Since 1925, the longest recession in the United States lasted:

The budget deficit is defined as

A) T + (G + TR), and this is negative. B) T - (G + TR), and this is positive. C) T - (G + TR), and this is negative. D) T + (G - TR), and this is negative.

To reduce the bias in the consumer price index, the Bureau of Labor Statistics

A) updates the market basket every 10 years, rather than every two years. B) updates the market basket every two years, rather than every 10 years. C) incorporates substitutions by consumers when prices of specific products fall rapidly. D) incorporates substitutions by consumers when prices of specific products rise rapidly.