Which of the following statements about recessions is true?
a. An old rule of thumb defining recession is two consecutive quarters of falling nominal GDP.
b. Recessions occur at regular intervals and last standard amounts of time.
c. There is no ironclad rule for the declaration of recessions.
d. Recessions are associated with low unemployment and high income.
c
Economics
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At an interest rate of 4 percent, what would be the present value of receiving $4,000 four years from now?
A) $3,420 B) $3,637 C) $3,704 D) $3,847
Economics
If the quantity of money demanded is less than the quantity of money supplied, then the interest rate will:
a) change in an uncertain direction b) rise c) fall d) remain constant
Economics