Which group within the National Bureau of Economic Research officially determines whether the economy is in a recession or expansion?
A) The G-4
B) The Business Cycle Dating Committee
C) The Business Cycle Governors
D) The Turning Point Group
B
Economics
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Larger economic benefits from a currency union occur when:
A) there is intense competition between the economies. B) market integration is large, yielding efficiency benefits. C) the central bank acts independently. D) the currency is pegged to the U.S. dollar.
Economics
If a consumer doubles her quantity of ice cream consumed when her income rises by 25%, then her income elasticity of demand for ice cream is
A) 8.0. B) 4.0. C) .25. D) .08.
Economics