The system of measurement for expressing macroeconomic data is called
a. national income accounting.
b. balance of payment accounting.
c. generally accepted accounting principles.
d. double entry bookkeeping.
a
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Something will be rare but not scarce if very little of it exists and
A) its price is high enough that only a few wish to purchase it. B) its price is high enough that no one can afford it. C) no one wants any. D) the quantity supplied is greater than the quantity demanded.
The Fed's goal is
a. moderate and stable inflation b. zero inflation c. a low price level d. an inflation rate that diminishes over time e. low and stable inflation
Figure 4-23
Refer to . In which market will the tax burden be most equally divided between the buyer and the seller?
a.
market (a)
b.
market (b)
c.
market (c)
d.
All of the above are correct.
The number of voting members on the Federal Open Market Committee is:
A. 12. B. 8. C. 7. D. 19.