The NBER's Business Cycle Dating Committee defines a recession as ...

[wenmo]

The NBER's Business Cycle Dating Committee defines a recession as at least two consecutive quarters of falling real GDP.
 
  Indicate whether the statement is true or false

Question 2

Government imposed quantitative limits on the amount of pollution firms are allowed to produce is an example of
 
  A) the Pigovian method of pollution control.
  B) a tradable emission allowance system of pollution control.
  C) a Coasian solution to pollution reduction.
  D) a command-and-control approach to pollution reduction.

[jgranad15]

Answer to Question 1

FALSE

Answer to Question 2

D