Which of the following can be analyzed using microeconomic models?
A) economic growth
B) a country's international trade pattern
C) a firm's output level decision
D) determinants of money supply
C
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If the U.S. price level increased relative to price levels in foreign countries, what would be the impact on domestic aggregate supply and aggregate demand curves?
a. the aggregate supply curve would shift outward and the aggregate demand curve would remain unchanged b. the aggregate supply curve would shift inward and the aggregate demand curve would remain unchanged c. the aggregate demand curve would shift outward and the aggregate supply curve would remain unchanged d. the aggregate demand curve would shift inward and the aggregate supply curve would remain unchanged e. the domestic aggregate demand and supply curves would remain unchanged
Which part of the Federal Reserve determines monetary policy? How often does it meet? What does it set a target for?
In the aggregate supply-aggregate demand model, if every person in the economy correctly anticipates the inflation rate, the unemployment rate will
A. equal the natural rate of unemployment. B. be more than the natural rate of unemployment. C. equal zero. D. be negative.
Scarcity affects everyone, even billionaires
Indicate whether the statement is true or false