What is the name of the group which decides when recessions begin and end?
A) the Business Cycle Dating Committee
B) the Bureau of Labor Statistics
C) the Commerce Department
D) the Federal Reserve Open Market Committee
A
Economics
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Which of the following is TRUE of an oligopoly?
A) They engage in nonprice competition. B) They do not react to actions of their competitors. C) Each firm produces a small portion of the total output. D) Firms do not care what their competitors do.
Economics
The equation of exchange which is MV = PY is an identity, which means it is true by definition. If you think carefully, what variable in the equation by the way it is defined really makes the equation of exchange an identity?
What will be an ideal response?
Economics