The NBER's Business Cycle Dating Committee picks recession dates by looking at many variables, the four most important of which are industrial production, manufacturing and trade sales, nonfarm employment, and real personal income
These variables are known as A) leading indicators.
B) coincident indicators.
C) lagging indicators.
D) recession indicators.
B
Economics
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The higher the federal funds rate, the ________ the opportunity cost of holding reserves, which ________ the incentive to economize on reserves
A) lower; increases B) lower; decreases C) higher; decreases D) lower; does not change E) higher; increases
Economics
"Those most able should pay the highest taxes" reflects the
a. ability-to-pay principle. b. concept of horizontal equity. c. idea of fiscal federalism. d. benefits principle.
Economics