Macroeconomics might study which of the following?
A) the causes of domestic unemployment
B) decision making undertaken by firms
C) decision making undertaken by households
D) determinants of the prices of rare goods (e.g., diamonds)
Answer: A
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Which of the following is NOT among the primary functions of money?
A) store of value B) indicator of supply C) an object that is generally accepted in return for goods and services D) unit of account E) medium of exchange
Banks earn a profit by
A) charging an interest rate on their depositors' accounts. B) making loans at a higher interest rate than the rates that they offer on their deposits. C) not paying interest on their reserves. D) making loans at a lower interest rate than the rate that they offer on their deposits. E) keeping as many reserves on hand as possible.
Increases in interest rates are often blamed on
A) Congress. B) the President. C) the Fed. D) the U.S. Treasury.
A conspiracy among firms to fix prices was outlawed by the Sherman Antitrust Act
a. True b. False Indicate whether the statement is true or false