Which branch of economics is most likely to study differences in countries' growth rates?
A. macroeconomics
B. microeconomics
C. experimental economics
D. normative economics
Answer: A
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Describe four forms of affirmative action
What will be an ideal response?
The Stability and Growth Pact (SGP) adopted in 1997 addressed concerns related to the:
A) tendency of nations to let their fiscal discipline promises slip once they had attained Eurozone member status. B) micromanagement tendency of the ECB toward its members. C) loss of political power of the European Parliament. D) tendency of nations to revert to using their own national currencies.
If the government wished to shift aggregate demand to the right, it might:
A. pressure the Fed to decrease the money supply. B. increase government spending. C. increase income taxes. D. Any of these things might cause aggregate demand to shift to the right.
Which of the following is not one of the side effects economists have found in programs to redistribute income?
A. The incentive effects of distributing money may cause people to make themselves look needier than they really are. B. The incentive effects of a tax may result in a switch from labor to leisure. C. The effects of taxes may include attempts to avoid or evade taxes, leading to a decrease in measured income. D. The incentive effects of distributing money may cause people to avoid government assistance programs.