Which of the following is the largest measure of money in the United States?

If the value of the U.S. dollar appreciates in foreign exchange markets then this will likely cause

a. the relative price of American exports to rise for foreigners interested in buying U.S. exports. b. the relative price of American imports to fall for Americans interested in buying U.S. imports. c. U.S. exports to fall and U.S. imports to rise creating a balance of trade deficit. d. All of the above.

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.