________ is the study of economic aggregates and the economy as a whole
A) Ergonomics B) Econometrics C) Macroeconomics D) Microeconomics
C
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The international organization that replaced the General Agreement on Tariffs and Trade (GATT) is the
a. World Bank. b. Export-Import Bank. c. World Trade Organization. d. International Monetary Fund.
A decrease in the price of a good will cause a movement along the demand schedule to a higher quantity demanded
a. True b. False Indicate whether the statement is true or false
U.S. monetary policy is best described as:
A. aimed at keeping inflation low and stable and growth high and stable. B. one of the most important functions of congress. C. attempting to keep inflation constant at zero percent. D. determining the denominations of a country's currency.
According to Ronald Coase, allocation of resources in a free-market economy will be efficient as long as
A. property rights are clearly assigned and can be enforced with low contracting costs. B. property rights are assigned only to the rich. C. property rights are clearly assigned but not enforced. D. contracting costs are sufficiently high.