A Criticism of the National Bureau of Economic Research's Business

question 54

Multiple Choice

A criticism of the National Bureau of Economic Research's business cycle dating committee is that it

• A) makes premature judgments as to the turning points of the business cycle.
• B) makes little use of the national income and product accounts.
• C) dates peaks and troughs only after they occur.
• D) does not update or revise data.

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Definitions:

Genes

Units of heredity made up of DNA that encode the instructions for the development, functioning, growth, and reproduction of all known organisms and many viruses.

Epigenetic Molecules

Molecules that can alter gene expression without changing the underlying DNA sequence, thus affecting how cells read genes.

Proteins

Large, complex molecules essential to the structure, function, and regulation of the body's cells, tissues, and organs.

Genomes

The complete set of genetic material present in an organism or a cell, including all of its genes.