The NBER describes a recession as
A) a decrease in the standard of living for at least one year.
B) a decrease in potential GDP for at least six months.
C) a one year period with increases in the unemployment rate.
D) a period of significant decline in total output, income, employment, and trade, usually lasting from six months to a year.
E) a decrease in real GDP for two successive quarters.
Question 2
The above figure shows the market for game day t-shirts. If the price of t-shirts is 10, then
A) there is a surplus and the price of t-shirts will fall.
B) there is a shortage and the price of t-shirts will fall.
C) there is a shortage and the price of t-shirts will rise.
D) there is a surplus and the price of t-shirts will rise.
E) the market is in equilibrium.
Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th
Standard Schnauzer
Photograph of an occupational therapist assisting a patient with learning independence in activities
Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ...
Children with emotional or behavioural problems living with both parents vs divorce
Energy flows from the environment into living organisms, then back to the environment