Which of the following is a microeconomics question?
A) What determines the average price level and inflation?
B) How much will be saved and how much will be produced in the entire economy?
C) What will the level of economic growth be in the entire economy?
D) What factors determine the price of carrots?
D
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Other things the same, an increase in the interest rate makes the quantity of loanable funds demanded
a. rise, and investment spending rise. b. rise, and investment spending fall. c. fall, and investment spending rise. d. fall, and investment spending fall.
"A reduction in gasoline prices caused the demand for gasoline to increase. The lower gas prices also led to an increase in demand for large cars, causing their prices to rise." These statements
What will be an ideal response?
The largest increase in the federal budget deficit during the following periods was from
A. 1974-1977. B. 1977-1980. C. 1980-1983. D. 1983-1986.
What is the maximum amount of good X that can be purchased if X and Y are the only two goods available for purchase and Px = $10, Py = $20, Y = 0, and M = 400?
A. 0 B. 20 C. 30 D. 40