Who would be more likely to study the effects of government spending on the unemployment rate, a macroeconomist or a microeconomist?
macroeconomist
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Which of the following hinders economic freedom?
a. Lower taxes b. Regulations on emissions from automobiles c. International trade d. Secure private property rights e. A democratic government
The key difference between oligopoly and other market structures is the interdependence among producers
a. True b. False Indicate whether the statement is true or false
List and explain the different costs of inflation to a society
Suppose the economy was in equilibrium, and the national government increased spending by an expected amount equal to $200 billion. Monetarist theory would predict that:
a. Aggregate demand will rise, causing only real GDP to rise. b. The real risk-free interest rate will rise, but real GDP will remain the same. c. Aggregate demand will fall, and real GDP will fall. d. Aggregate demand will rise causing only prices to rise. e. Aggregate demand will rise causing both prices and real GDP to rise.