Analysis of macro policy and theory has resulted in of the following views?
A) There should be no constraints imposed on fiscal or monetary policy.
B) A constitutional amendment is the most appropriate method to constrain fiscal policy.
C) The heads of the central bank should be chosen by popular elections.
D) all of the above
E) none of the above
E
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A huge 50 percent off sale on golf clubs is advertised for next week. What happens this week in the market for golf clubs?
A) The supply of golf clubs decreases. B) The demand for golf clubs increases. C) The demand for golf clubs decreases. D) The supply of golf clubs increases. E) The demand for and the supply of golf clubs decreases.
A voting procedure in which the winner must defeat each of the other alternatives in head-to-head contests is known as the
A) Borda-count method. B) Condorcet method. C) instant runoff method. D) plurality-rule method
Contractionary monetary policy increases the federal funds rate
Indicate whether the statement is true or false
Which of the following is least likely to be studied in macroeconomics?
A. Advertising B. Business cycles C. Inflation D. Unemployment