The official decision in the U.S. as to whether and when a slowdown in the rate of economic growth has become a recession is made by the
A) Bureau of Economic Analysis in the Department of Commerce.
B) Bureau of Labor Statistics.
C) Federal Reserve Board of Governors.
D) National Bureau of Economic Research, a private research organization.
D
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A large number of sellers all selling an identical product implies which of the following?
A) market chaos B) the inability of any seller to change the price of the product C) large losses incurred by all sellers D) horizontal market supply curves E) vertical market supply curves
Current income maintenance programs
A) often provide benefits to people who are working and earning substantially more than the poverty level. B) reduce the incentive of recipients to work. C) have safeguards to ensure that recipients work whenever physically able. D) fail to make the income distribution more equal.