If trade policies change, then we would expect aggregate expenditure to:
A. remain constant.
B. depends on the policy.
C. decrease.
D. increase.
Answer: B
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Which of the following ideas reflect the Monetarist macroeconomic model?
i) The Monetarist model supports the Classical model, in general. ii) Decreases in the growth rate of the quantity of money trigger recessions. iii) Government intervention is an appropriate tool to steady the economy. A) i and ii B) ii and iii C) i only D) i, ii and iii E) i and iii
The Troubled Asset Relief Program ________
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If output is increased beyond the point where total profit is maximized,
A. marginal profit will be zero. B. marginal profit will be negative. C. marginal profit will be positive. D. MR > MC.
The average expected rate of return is a:
A. Volume-weighted average B. Price-weighted average C. Probability-weighted average D. Value-weighted average