Macro controversies focus primarily on the:

A. Level of interest rates.
B. Federal budget deficit.
C. Potential to shift aggregate demand and supply.
D. Potential to change imports and exports.


C. Potential to shift aggregate demand and supply.

Economics

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Refer to Figure 2-8. What is the opportunity cost of 80 dozen orchids?

A) 0 roses B) 2.5 dozen roses C) 40 dozen roses D) 200 dozen roses

Economics

Which of the following will result as part of the interest rate effect when the price level rises? a. Households and firms increase their holdings of money

b. Interest rates will increase. c. A lower quantity of real GDP will be demanded. d. All of the above will result as part of the interest rate effect when the price level rises.

Economics

If the economy could produce 42 consumer goods and 12 capital goods, given the current production possibilities curve, the economy would be producing ___________________ (outside/on/inside) the curve.

Hypothetical Production Schedule for a Two-Product Economy

Economics

A bank that has $10,000 in excess reserves can extend new loans up to a maximum of:

A. $1,000. B. $9,000. C. $10,000. D. $100,000.

Economics