Which of the following is a macroeconomic decision or concept?
A) the price of oil
B) how many television sets to produce
C) the unemployment rate for the entire economy
D) the unemployment rate for each firm
C
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Hyperinflation occurs when
A) the inflation rate rises. B) the inflation rate declines. C) the inflation rate is extremely high. D) the inflation rate is extremely low.
Over a year, the money supply in a nation grew by 8 percent, while velocity rose by 2 percent and real GDP rose by 3 percent. This results in an inflation over the year of ________ percent
A) 7 B) 9 C) 13 D) 3
Which of the following categories of unemployment arises from macroeconomic causes?
a. Temporary unemployment b. Underemployment c. Structural unemployment d. Frictional unemployment e. Cyclical unemployment
When a U.S. company purchases a foreign company, the transaction is recorded in the balance of payments as part of:
A. the statistical discrepancy. B. the current account. C. the financial and capital account. D. net transfers.