Macroeconomics is the study of aggregate variables such as national production and unemployment
Indicate whether the statement is true or false
TRUE
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Transfer payments include
A) open market sales. B) Social Security. C) consumption taxes. D) dividends.
A central tenet of the position against policy activism is that
A) consumption spending is highly unstable. B) consumption spending is highly stable. C) aggregate policies have little effect on consumption. D) instability in private consumption will always be offset by variations in other elements of private spending.
Which of the following components of aggregate expenditure is most subject to crowding out?
a. Consumption expenditures b. Investment spending c. Imports d. Government purchases of goods and services e. National saving
If you lend money at a nominal interest rate of 9 percent and the inflation rate is 1 percent, what real interest rate will you earn?
a. 3 percent b. 4 percent c. 8 percent d. 12 percent e. 15 percent