The tendency for an increase in the economic activity of one country to lead to a worldwide increase in economic activity is the
A. trade feedback effect.
B. trickle-down effect.
C. multiplier effect.
D. spontaneous growth effect.
Answer: A
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What will be an ideal response?
An example of something that might be sold in the underground economy is:
A. baby-sitting services. B. lawn-mowing services. C. endangered animals. D. All of these could be exchanged in the underground economy.
Macroeconomics deals with ________ while microeconomics deals with ________
A) choices important to people; choices not important to people B) economywide choices; choices of individuals C) choices that involve money; choices that does not involve money D) choices of rich people; choices of poor people
When the Fed signals how long it expects interest rates to remain at a low level, it is said to be engaging in
A) credit easing. B) forward guidance. C) quantitative easing. D) a maturity extension program.