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Suppose You Are an Advisor to the Business Cycle Dating

question 157

Essay

Suppose you are an advisor to the Business Cycle Dating Committee.You are asked to look at macroeconomic data to evaluate whether the economy has entered a recession this year.Which data do you look at? How does the economy behave at the onset of a recession?


Definitions:

Resonance Structures

Different Lewis structures for the same molecule that depict possible distributions of electrons, illustrating delocalization within the molecule.

Double Bond

A chemical bond between two chemical elements involving four bonding electrons instead of the usual two.

Major Product

The main substance produced in the greatest quantity from a chemical reaction.

Stereoisomeric Forms

Different forms of a compound that have the same structural formula but different arrangements of atoms in space.

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