Which of the following monthly data series is closely observed by the Business Cycle Dating Committee of the NBER?
a. Real personal income less transfer payments
b. Wholesale prices of goods
c. Real GDP
d. Total unemployment
e. Real interest rates
a
Economics
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For each of the following functions, describe returns to scale
a. Q = K + L b. Q = K1/2L3/4 c. Q = K2L
Economics
On the basis of the law of demand, it is more likely that a person will lose his temper when the price of losing his temper is low than when it is high
Indicate whether the statement is true or false
Economics