Macroeconomics works to explain things like:
A. rates of return on an investment.
B. number of employees in Ford company.
C. economic growth of Germany.
D. Microsoft's profit in 2015.
Answer: C
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If the market price is below the equilibrium price, forces will come into play to
a. move the price lower. b. move it to the equilibrium price. c. move it above the equilibrium price. d. increase the supply.
Since the end of World War II, the economy of the United States has been more influenced by stabilization policy. One of the undesirable side effects of this has been that the economy now has a greater tendency to suffer from
a. more severe recessions and depressions. b. higher levels of unemployment and lower rates of employment growth. c. lower rates of growth in real and nominal GDP. d. more persistent periods of inflation.
If we observe that when the price of chocolate increases by 10%, quantity demanded falls by 5%, then the demand for chocolate is price inelastic
a. True b. False Indicate whether the statement is true or false
The lowest percentage of the U.S. population in poverty is found when using which measurement of household resources?
A) private income only B) private income plus cash benefits C) private income with cash and in-kind benefits D) private income with Social Security payments subtracted