The primary emphasis in macroeconomics is on:
A) how firms set prices.
B) aggregates in the economy.
C) marginal analysis and normative economics.
D) international trade and environmental economics.
Ans: B) aggregates in the economy.
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In the United States today, how much gold will the Federal Reserve give you in exchange for $1?
A) 1 ounce of gold B) none C) 1/35th of an ounce of gold D) $1 worth of gold (based on the market price of an ounce of gold at the time you exchange the $1)
The Sarbanes-Oxley Act was passed in response to the 2007-2009 financial crisis
Indicate whether the statement is true or false
Workers employed in jobs that do not utilize their productive talents or experience are considered
a. structurally unemployed b. structurally employed c. discouraged workers d. underemployed workers e. untrainable
The elasticity of a straight-line demand curve is the same as its slope
a. True b. False Indicate whether the statement is true or false