TEST BANK FOR Macroeconomics 9th Edition & Global Edition By Abel, Bernanke and Croushore
Harvard University
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Exam (elaborations) TEST BANK FOR Macroeconomics 9th Edition & Global Edition By Abel, Bernanke and Croushore
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Exam (elaborations) TEST BANK FOR Macroeconomics 9th Edition & Global Edition By Abel, Bernanke and Croushore 
Macroeconomics, 9e, Global Edition (Abel/Bernanke/Croushore) 
Chapter 8 
Business Cycles 
8.1 
1) One of the first organizations to investigate the business cycle was 
A) the Federal Reserve System. 
B) the National Bureau of Economic Research. 
C) the Council of Economic Advisors. 
D) the Brookings Institution. 
Answer: B 
2) The entire sequence of a decline in aggregate economic acti...

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