Which of the Following Groups of Economic Forecasters Have Been

question 50

Multiple Choice

Which of the following groups of economic forecasters have been able to forecast "turning points" when the economy turned up or down?

• A) Forecasters as the Fed.
• B) Forecasters in branches of the government other than the Fed.
• C) Forecasters at private firms.
• D) None of the above.
• E) All of the above.

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Definitions:

Debit Memo

A document issued to adjust downwards the amount of money owed to a business by a customer or another business.

Journal Entries

Entries made in a journal documenting every financial transaction of a business and used as the first step in the accounting cycle.

Outstanding Checks

Checks that have been written and recorded in the payer's accounting records but have not yet been cashed or deposited by the payee.

Petty Cash

A modest sum of money maintained in reserve for small, unplanned costs.