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Rudik [331]
3 years ago
9

A criticism of the National Bureau of Economic Research's business cycle dating committee is that it: Question 2 options: a) mak

es little use of the national income and product accounts. b) makes premature judgments as to the turning points of the business cycle. c) dates peaks and troughs only after the fact. d) does not update or revise data.
Business
2 answers:
Afina-wow [57]3 years ago
6 0

Answer: c) Dates peaks and troughs only after the fact .

The NBER dating committee maintains a chronology of the business cycles in US. The data consists of the dates of the peaks and troughs in economic activity.  

The NBER dating committee does not provide the data ahead of a recession or expansion, rather it functions as a historian of recording the peaks and troughs in economic activity.

The NBER dating committee reconciles several data before actually determining and announcing the month a recession started. The decision is based on several economic indicators that are very frequently revised. The economic estimate that has the most number of revisions is the GDP estimate. The NBER takes all the revisions made to the economic indicators including the GDP and then provides the month a recession started or ended. This is the main reason for the delay in determining the month a recession began or ended.  

Hence this is one of the criticisms leveled against the NBER dating committee.

lutik1710 [3]3 years ago
3 0

The answer is: c) dates peaks and troughs only after the fact.

This mean that millions of dollar spents by the Bureau cannot necessarily used to address the economic problems that people currently face.

One argument to counter such criticism is that the data from the Bureau could be used to make future predicitons and prevent any mistakes in the past from occuring again in the future.


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The neoclassical monetarist O Keynesian attitude tends to view inflation nations as a fee that gives no offset integrated built-disintegrated integrated phrases of decreased unemployment.

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3 0
2 years ago
Allocative efficiency occurs when the a. minimum of average total cost equals average revenueb. minimum of average total cost eq
Usimov [2.4K]

Answer: Allocative efficiency occurs when the<u><em> marginal cost equals the marginal benefit to society</em></u>

Allocative efficiency is a state of the economy in which production stand for individual preferences, every commodity or work is produced up to the state where the last part renders a marginal benefit to individual equal to the marginal cost of producing.

<u><em>Therefore the correct option is (c)</em></u>

3 0
3 years ago
A rapid increase in the money supply may lead to a(n):
diamong [38]
<span>A rapid increase in the money supply may lead to a "Deflation"

Hope this helps!
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8 0
3 years ago
When a person incorporates unimportant events within a delusional framework and reads personal significance into trivial activit
mafiozo [28]

Ideas of reference.

When someone consists of unimportant occasions inside a delusional framework and reads private importance into trivial activities of others it's miles called thoughts of reference. it's far one of the symptoms of schizophrenia and different delusional disorders.

Ideas of reference or delusions of reference involve someone having a notion or perception that irrelevant, unrelated or harmless things inside the world are regarding them without delay or have special non-public significance.

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5 0
1 year ago
An insurance firm agrees to pay you $3,310 at the end of 20 years if you pay premiums of $100 per year at the end of each year f
azamat

Answer:

6.43%

Explanation:

The internal rate of return shall be determined by the Insurance firm using the following mentioned method:

Cash flows      Year involved      Present [email protected]%  Present [email protected]%          

($100)                 1-20                      ($851)                            ($1,487.75)                      

$3,310                 20                        $492                             $1,832.67

                                                        ($359)                           $344.92

IRR=A%+ (a/a-b)*(B%-A%)

A%=10%  a= ($359) B%=3%  b=$344.92  

IRR=10%+(-$359/-$359-$344.92)*(3%-10%)

     =6.43%

3 0
3 years ago
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