A major macroeconomic goal of nearly every society is:
a. maintaining stability of prices
b. maintaining high levels of employment.
c. achieving high rates of economic growth.
d. all of the above.
d
You might also like to view...
It is difficult to say whether welfare "causes" daughters from welfare families to be more likely to participate in the welfare system themselves because
a. the same factors that contribute to a mother's welfare status can also contribute to her daughter's welfare status b. no research has been done on this topic c. economists are unconcerned with questions about welfare status d. if two factors occur together, then one must cause the other e. it is possible that the daughter's welfare status "causes" the welfare programs
If a town has a monopsony, this means:
a. there is only one employer. b. price discrimination takes place. c. goods are priced too high. d. no unions can exist. e. excess profits are being made
The circular flow diagram shows the flow of money and goods and services between households, firms, government, and foreign countries
a. True b. False Indicate whether the statement is true or false
Suppose a profit-maximizing monopolist faces a constant marginal cost of $10, produces an output level of 100 units, and charges a price of $50 . The socially efficient level of output is 200 units. Assume that the demand curve and marginal revenue curve are the typical downward-sloping straight lines. The monopoly deadweight loss equals $4,000
a. True b. False Indicate whether the statement is true or false