Which of the following is not included in the study of macroeconomics?
A. Business cycles
B. The unemployment rate
C. Inflation
D. Market structures
D. Market structures
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Suppose that the Fed announces a low-money-growth policy to control inflation and workers sign low-wage contracts as a result. If instead, the Fed had implemented a high-money-growth policy, which of the following would not occur?
a. The unemployment rate would increase. b. The Fed's stated policy would be time inconsistent. c. The unemployment rate would be less than the natural rate. d. The Fed would not achieve credibility through its actions. e. The rate of inflation would be higher than expected.
Ten years after the Rio Summit,
a. the World Summit on Sustainable Development was held in Johannesburg b. the Rio Declaration was adopted c. worldwide interest in the summit’s motivating principles had waned d. participating nations agreed to abandon the original goals of Agenda 21
People who complete college provide a signal to employers about their skills and thus face better employment opportunities than equally skilled high school graduates. This is called:
A. the learning effect of a college education. B. the signaling effect of a college education. C. the discriminatory effect of a college education. D. None of these
Explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing both goods, but trade can still benefit both people
What will be an ideal response?