Macroeconomics typically focuses upon:
a. the performance of special labor markets.
b. the nature of supply and demand caused by government.
c. the last ten years of a firm's performance.
d. the performance of the national economy and how the national economy interacts with other economies.
d
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Double coincidence of wants is avoided if money is used as a:
A. measure of value. B. medium of exchange. C. standard of deferred payment. D. store of value
The suppliers in the goods-and-services market are
A. the government and business firms. B. households and business firms. C. business firms and the rest of the world. D. households, the government, and the rest of the world.
What is the euro? What was the goal in creating the euro?
What will be an ideal response?
When there is an expansionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; expand B. increase; raise; decline C. decline; lower; decline D. decline; raise; decline