The ultimate objective of macroeconomics is to:
a. reduce the unemployment rate in an economy
b. stabilize the growth rate in an economy.
c. develop and test theories about how the overall economy works.
d. improve the international competitiveness of U.S. financial markets.
e. maximize the efficiency of government intervention in the marketplace.
c
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An increase in the U.S. interest rate relative to other countries will lead to ________ in the supply of dollars and a ________ in the exchange rate
A) an increase; fall B) a decrease; fall C) an increase; rise D) a decrease; rise E) no change; rise
Lectures in microeconomics can be delivered either by an instructor (labor) or a movie (capital) or any combination of both. Yet the it gets harder and harder to substitute more movies for an instructor the more movies are already used
Which graph in the above figure best represents the isoquants for lectures in microeconomics when Capital per day is on the vertical axis and Labor per day is on the horizontal axis? A) Graph A B) Graph B C) Graph C D) Graph D
Each firm under perfect competition charges different prices for its products
a. True b. False Indicate whether the statement is true or false
M2 is about four times larger than M1
Indicate whether the statement is true or false