Which of the following illustrates a macroeconomic question?
A. What is the least costly way to produce automobiles and trucks in the United States?
B. Should the salaries of financial executives be regulated by the government?
C. Will the introduction of a new computer chip change the demand for computers?
D. Are increasing wage demands by workers contributing to price inflation?
Answer: D
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An interest-earning account that can be withdrawn at any time without payment of a penalty is a
A) money market deposit account. B) certificate of deposit. C) savings deposit. D) time deposit.
Which of the following events will increase short-run aggregate supply?
A) an advance in technology B) an increase in resource prices C) an increase in the natural unemployment rate D) an increase in foreign income
What determines the supply of loanable funds and the demand for loanable funds?
What will be an ideal response?
The Budget Enforcement Act was an example of a debt ceiling.
Answer the following statement true (T) or false (F)