Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2013 and 2016
A) 23.1% B) 23.8% C) 30% D) 42.9%
D
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If the economy were in the Classical range of the aggregate supply curve, government policies and central bank actions should focus primarily on:
a. reducing unemployment. b. increasing government spending to boost demand. c. keeping inflation reasonably low. d. preventing deflation. e. All of the above.
Which of the following is most likely to help the residents of a nation produce more goods and services and achieve higher income levels?
What will be an ideal response?
The component of aggregate expenditure that is not like other components because, in general, it is directly neutral to macroeconomic changes is:
A. investment spending. B. government spending. C. consumption spending. D. net export spending.
A large open economy increases its desired saving. This causes the world real interest rate to ________ and the country's current account balance to ________.
A. fall; fall B. fall; rise C. remain unchanged; fall D. remain unchanged; rise