Which of the following is a macroeconomic subject?
a. Shipping rates. b. Price of corporate stock.
c. Market price of Japanese cars. d. Unemployment rate in the nation.
d
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What is backward induction?
What will be an ideal response?
An example of fixed investment spending is
A) the purchase of a new apartment building by a property management company. B) the purchase of corporate bonds by Microsoft Corporation. C) the purchase of a new wood chipper by a landscape maintenance company. D) $4 million in unsold furniture at a home furnishings manufacturer.
From the net tax function: T = t0 + t1Y, where t0 < 0 and t1 > 0, it follows that, as income rises
a. average taxes falls and the surplus declines. b. average taxes rises and the deficit increases. c. average taxes falls and the deficit declines. d. Average taxes and the deficit do not change.
Evidence in favor the Keynesian model would be that:
a. investment is not sensitive to changes in tax rates. b. labor supply is inelastic. c. the aggregate price level is positively correlated with income. d. all of the above. e. none of the above.