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Which of the Following Is the Main Barometer Used by the Business

question 140

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Which of the following is the main barometer used by the Business Cycle Dating Committee of the National Bureau of Economic Research in determining if the economy has reached a peak?


Definitions:

Marginal Costs

The cost incurred by producing one additional unit of a product or service.

Market Price

The amount at which a good or service is currently sold in the market, determined by supply and demand.

Produce

To create, manufacture, or grow goods and services for consumption or sale.

Firm

A business or company engaged in commercial, professional, or industrial activities.

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