Recessions occur at ________ intervals and are ________ to predict with much accuracy.

A student seeking a job right after graduation should be especially attentive to

a. long-run growth patterns in the economy b. what is the current phase of the business cycle c. technological change d. sales of durable goods e. the duration of strikes

If the Fed sells $5 million in government bonds, how much will the money supply change?

a. It will increase by $5 million. b. It will increase by more than $5 million. c. It will decrease by $5 million. d. It will decrease by more than $5 million.