The main goal of macroeconomic research is to
A) predict how the macroeconomy will perform in the future.
B) analyze current macroeconomic data.
C) develop new data that can be used to understand better the operation of the economy.
D) make general statements about how the economy works.
D
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The inflation index that is most favored by economists is the
a. Consumer Price Index. b. GDP Implicit Price Defoliator. c. Producer Price Index. d. Commodity Price Index.
Which of the following characteristics does not contribute to the identification of specific market structures?
a. number of firms b. ease or difficulty of entry c. complementarity of goods d. control over price e. substitutability of goods
Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the (i) supply is more elastic than the demand. (ii) demand in more elastic than the supply. (iii) tax is placed on the sellers of the product. (iv) tax is placed on the buyers of the product
a. (i) only b. (ii) only c. (i) and (iv) only d. (ii) and (iii) only
Excess reserves equal total reserves plus required reserves
Indicate whether the statement is true or false