Are government activities of any concern to macroeconomists?
A) Yes, since government actions and policies can affect an economy's overall performance.
B) Yes, since macroeconomics is defined as the study of the role that government plays in the economy.
C) No, since the government cannot affect the functioning of the private economy.
D) No, since macroeconomists study hypothetical economies that have no government involvement at all.
A
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Which of the following statements is true?
A) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which decelerated their economic growth. B) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which accelerated their economic growth. C) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which accelerated their economic growth. D) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which decelerated their economic growth.
Jim is haggling with a car dealer over the sale price of a used car. When he entered the store he was the only customer. This means that
a. Jim has a better chance of having his offer accepted, since the seller does not have any outside offers b. Jim has lower chances of having his offer accepted, since the seller has more outside offers c. The disagreement value for the seller has increased d. Only A&C
In which statement(s) are "demand" and "quantity demanded" used correctly? (I) "An increase in the price of tea will reduce the quantity demanded of tea." (II) "An increase in the price of tea will reduce the demand for sugar used in tea."
a. in both statements I and II b. in statement I only c. in statement II only d. in neither statements I nor II
What is considered the most relevant interest rate when conducting monetary policy?
A. Short-term nominal interest rate B. Long-term nominal interest rate C. Annual nominal interest rate