Macroeconomists are concerned with each of the following issues EXCEPT:
A. Why does inflation vary across countries?
B. Why does inflation vary over time?
C. Why do the prices of computers increase more slowly than the price of gasoline?
D. What are the costs of inflation?
Answer: C
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The interest rate charged for loans through the discount window is called the:
A. discount rate. B. reserve rate. C. interest rate. D. prime rate.
Globalization can be defined as:
a. the attitude or policy of placing the interests of the entire world above those of individual nations. b. viewing the entire world as a proper sphere for one nation to project political influence. c. a period in history that has witnessed a dramatic change in world political thought and the balance of power. d. an increased cross-border flow of trade in goods, services, and financial assets, along with an increased international mobility of technology, information, and individuals. e. a social movement that supports global cooperation and interaction, but which opposes the negative effects of economic development across nations.
Most observers nowadays see monetary policy as much less important than fiscal policy
a. True b. False Indicate whether the statement is true or false
Over time, technology tends to:
A. diminish in nations that are still developing. B. spread from country to country, equalizing opportunity costs. C. allow developing nations to experience the "catch-up" effect. D. set countries apart in terms of productivity.