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Author Question: The Business Cycle Dating Committee defines a recession as A) a significant decline in activity ... (Read 51 times)

crobinson2013

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The Business Cycle Dating Committee defines a recession as
 
  A) a significant decline in activity visible in industrial production, employment, real income, and wholesale/retail trade lasting more than a few months.
  B) two consecutive quarters of declining real GDP.
  C) a significant decline in inflation and unemployment lasting more than a few months.
  D) two consecutive quarters of declining nominal GDP.

Question 2

If in the market for oranges the supply has increased, then
 
  A) the supply curve for oranges has shifted to the left.
  B) the supply curve for oranges has shifted to the right.
  C) there has been a movement upwards along the supply curve for oranges.
  D) there has been a movement downwards along the supply curve for oranges.


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bulacsom

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crobinson2013

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Reply 2 on: Jun 29, 2018
Excellent


ricroger

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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