National income accounting can best be characterized as:
a. a set of rules used to summarize economic activity over a given period of time.
b. a method for comparing different political systems.
c. a microeconomic model of the economy used by the Federal Reserve bank.
d. a statistical measure of the income received by consumers as opposed to businesses.
e. a standardized economic report authored by politicians.
a
Economics
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The European central bank is located in Frankfurt, Germany
Indicate whether the statement is true or false
Economics
Which market adjusts the quickest in response to shocks to the economy?
A) The asset market B) The labor market C) The goods market D) The asset, labor, and goods markets adjust at about the same speed to eliminate a disequilibrium in the macroeconomy.
Economics