Macroeconomics can best be described as the:
What will be an ideal response?
Study of large aggregates of the economy or the economu as a whole
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The growth of the Eurodollar market is due to the ________ spreads offered by ________
A) narrower, Eurobanks B) narrower, governments C) narrower, domestic banks D) Both A and B
Suppose an excise tax is imposed on luxury boats and yachts. Economists argue that such a tax
a. is sure to be vertically equitable, since buyers of luxury boats and yachts are wealthy. b. entails no deadweight loss as long as buyers of boats and yachts can easily substitute one luxury good for another. c. violates the benefits principle of taxation. d. may burden workers in the luxury-boat-and-yacht industry more than it burdens the buyers of luxury boats and yachts.
Which costs of inflation could the government reduce without reducing inflation?
a. arbitrary redistributions of wealth b. shoeleather costs c. menu costs d. none of the above is correct.
How might financial deepening contribute to poverty reduction?
What will be an ideal response?