Which of the following questions is the most interest for macroeconomics
A) Why is there inflation?
B) Why does the steel industry want tariffs?
C) What is the appropriate stance of antitrust policy?
D) Why do foreigners immigrate to the United States?
Answer: A) Why is there inflation?
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Consumers increased consumption by a relatively small amount in 2008 and 2009 because they believed the tax cuts were temporary
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
a. if an investment project is going to be undertaken, someone must increase his current consumption. b. saving and investment must always be undertaken by different individuals. c. if we invest more and use more of our resources to produce capital goods today, fewer current resources will be available to produce consumption goods. d. all of the above are correct.
The second-order condition for maximizing net benefits is:
A. d(MB)/dQ < d(MC)/dQ. B. d2N/dQ2 < 0. C. d2B/dQ2 < d2C/dQ2. D. All of the statements associated with this question are correct.
An increase in the price of a good causes people to buy less of it because
a. the demand for the good decreases b. they have less income to spend on the good c. the marginal utility from additional units of consumption of the good decreases d. the marginal-utility-to-price ratio for the good decreases e. consumer surplus from consumption of the good decreases