________: a branch of economics that focuses on the broad aggregates, such as the growth of gross domestic product, the money supply, the stability of prices, and the level of employment
Fill in the blank(s) with correct word
Macroeconomics
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A cooperative equilibrium is most likely to arise in a
A) single-play game with a large number of players. B) single-play game without communication. C) repeated game with a large number of players. D) repeated game with a small number of players.
According to the dependence theory, the developing world is known as the
a. backward areas. b. periphery. c. first world. d. center.
Because employment actually continued to fall at the beginning of the recoveries that began in 1991, 2001, and 2009, these recoveries have come to be known as
A) pseudo recoveries. B) non-recoveries. C) double-dip recoveries. D) jobless recoveries.
If the tax rate remains the same as the base increases, the income tax structure is said to be: a. proportional
b. lump-sum. c. negatively skewed. d. progressive. e. regressive.