The structural deficit can be used to estimate the thrust of current fiscal policy.
Answer the following statement true (T) or false (F)
True
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Which interest rates is most relevant in determining aggregate expenditures?
A) federal funds rate B) short-term real interest rate C) long-term nominal interest rate D) long-term real interest rate
Which of the following is the formula for total revenue?
a. TR = P ÷ q b. TR = P + q c. TR = P - q d. TR = P × q
Other things being equal, the effects of an increase in the price of computers would best be represented by which of the following?
A. A movement up along the demand curve for computers. B. A movement down along the demand curve for computers. C. A leftward shift in the demand curve for computers. D. A rightward shift in the demand curve for computers.
Which one of the following statements is TRUE?
A. If the money price of a good increases, its relative price necessarily decreases. B. The relative price of a good refers to the opportunity cost of purchasing it. C. If the money price of a good increases, its relative price necessarily increases. D. Rational consumers always ignore the monetary price of a good when deciding whether to buy it.