Which of the following is a topic studied in macroeconomics?
A. Gasoline price changes
B. Unemployment rates over time
C. Taxation strategies of major corporations
D. Consumer participation in Facebook
B. Unemployment rates over time
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If the Fed buys U.S. government securities from banks, the federal funds rate ________ and banks' reserves ________
A) does not change; increases B) falls; decrease C) rises; increase D) rises; decrease E) falls; increase
When a firm becomes so large it is difficult to coordinate and control, it is most likely that
A) economies of scale have begun. B) diseconomies of scale have begun. C) average total cost begins to fall. D) long-run average costs become negative. E) there are increasing marginal returns to increasing the firm's plant size.
Which of the following is accurate about John Maynard Keynes?
a. He was one of the most influential economists in early U.S. history. b. He believed economics is a subject but not a way of thinking. c. He believed economics is not just a subject area but also a way of thinking. d. He believed that economics is not a subject but is a way of thinking.
The ease with which an asset can be converted into the medium of exchange is known as _____
Fill in the blank(s) with correct word