In the product markets, households
A) are neither buyers nor sellers in the market. B) are the buyers of goods and services.
C) are the sellers of resources. D) none of the above is correct.
B
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The endogenous variable in the aggregate supply curve is ________
A) output B) the real interest rate C) inflation D) planned expenditure E) none of the above
Banging the gong" means that the Fed
A. has lowered the discount rate and raised the fed funds target rate. B. has raised the discount rate and lowered the fed funds target rate. C. changes the discount rate and the fed funds target rate simultaneously. D. sells securities in the open market.
Macroeconomics includes the study of:
A. How the economy works on a regional, national, or international scale. B. How rent ceilings impact the construction rates of new apartments. C. How the increase in the labor force participation rate by females impacts childhood obesity. D. How grocery cart rental fees impact parking lot accident rates.
Which of the following institutions may result in hold-up?
A. Long-term contracts B. Vertical integration C. Spot markets D. Piece rates