Which of the following would increase aggregate demand?
a. A deficit in the government budget
b. An increase in taxes
c. An increase in government borrowing
d. A surplus in the government budget
e. A decrease in government spending
a
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A maximum price set by law above the market-clearing price is called a
A) price cap B) price spike C) price floor D) price ceiling
Which of the following is a difference between microeconomics and macroeconomics?
a. Microeconomics focuses on the actions of particular actors within the economy, while macroeconomics looks at the economy as a whole. b. Microeconomics focuses on the division of labor, while macroeconomics focuses on the division of capital. c. Microeconomics focuses on the development of small and medium enterprises, while macroeconomics focuses on the development of large business houses. d. Microeconomics focuses on the development of the nation, while macroeconomics focuses on the economic wellbeing of each household in an economy.
Many ____________________would have gone out of business without subsidies
Fill in the blank(s) with the appropriate word(s).
The Herfindahl-Hirschman Index is
A. An example of government failure. B. A way to account for the combined market share of the top four firms. C. A barrier to entry. D. Used to identify cases worthy of antitrust concern.