When nations desire a healthy macroeconomy, they typically focus on several goals:. Three are:
What will be an ideal response?
Growth in the standard of living, a low level of unemployment, low inflation, and a sustainable balance of trade between countries.
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In the presence of positive production externalities, a monopolist might produce the efficient output level.
Answer the following statement true (T) or false (F)
The too-big-to-fail policy
A) reduces moral hazard problems. B) puts large banks at a competitive disadvantage in attracting large deposits. C) treats large depositors of small banks inequitably when compared to depositors of large banks. D) allows small banks to take on more risk than large banks.
Suppose the price elasticity of demand for iPods is inelastic. What would you expect about the demand elasticity for workers producing iPods? Explain
What will be an ideal response?
GDP per capita:
A. paints a clearer picture of how thin the output is spread across a population. B. tells us how much is produced per person in an economy. C. is calculated by dividing GDP by the population size of the economy. D. All of these statements are true.