The branch of macroeconomics concerned with changes in the natural real GDP is the theory of
A) business cycles.
B) economic growth.
C) GDP gaps.
D) unemployment.
B
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Which of the following would cause both the equilibrium price and equilibrium quantity of barley (assume that barley is an inferior good) to increase?
A) a drought that sharply reduces barley output B) an increase in consumer income C) a decrease in consumer income D) unusually good weather that results in a bumper crop of barley
If reserves in the banking system increase by $200, then checkable deposits will increase by $500 in the simple model of deposit creation when the required reserve ratio is
A) 0.04. B) 0.25. C) 0.40. D) 0.50.
If collusion was not illegal, than it is more optimal
a. For megastore to advertise and for superstore to advertise b. For megastore to advertise and for superstore not to advertise c. For megastore not to advertise and for superstore to advertise d. For megastore not to advertise and for superstore not to advertise
The pricing strategy in which one firm is allowed by its rivals to establish the market price for all firms in the market is called
A. Overt collusion. B. Price-fixing. C. Pattern pricing. D. Price leadership.