The adding up of individual economic variables to obtain economy wide totals is called:
A. monetary policy.
B. aggregation.
C. normative analysis.
D. average labor productivity.
Answer: B
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Inflation that is caused by an increase in aggregate demand without any change in aggregate supply is called
A) demand-push inflation. B) cost-pull inflation. C) cost-push inflation. D) demand-pull inflation.
If the employment-population ratio in 2015 was at the same level as it was in 2006,
A) the same number of people would have been working in 2015 as were working in 2006. B) the number of employed people in 2015 would not have been different. C) an additional 8 million people would have been working in 2015 than actually were. D) 3.5 million fewer people would have been working in 2015 than actually were.
What two key factors trigger speculative attacks leading to currency cries in emerging market countries?
What will be an ideal response?
Explain why international capital markets have expanded since the 1980s
What will be an ideal response?