The internationalization of our economy has
A. made macropolicy more important.
B. made macropolicy less important.
C. had little effect on the importance of macropolicy.
B. made macropolicy less important.
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Economic advisers who fear that the economy is growing too rapidly would recommend that the government decrease spending and/or increase taxes
Indicate whether the statement is true or false
Refer to Figure 12-1. If the firm is producing 700 units
A) it should cut back its output to maximize profit. B) it is making a loss. C) it is making a profit. D) it should increase its output to maximize profit.
An open economy produces most of the goods and services that it needs, with few imports and exports
a. True b. False Indicate whether the statement is true or false
Banks act as an intermediary between savers and borrowers by determining the:
A. quantity of funds that will be saved depending on the price. B. quantity of funds that will be borrowed, for any given quantity of savings. C. price at which the quantity of funds saved will be equal to the quantity invested. D. price at which the quantity of funds saved will be more than enough for those who want to borrow.