Which of the following is a microeconomic topic?
i) Gas prices increase after a hurricane hits the gulf coast.
ii) Xavier starts a new business designing web pages.
iii) Abby decides to practice an extra hour of soccer instead of studying.
A. i, ii and iii
i and ii
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In 2012, which of the following countries had the highest share of consumption spending in GDP?
A) the United States B) France C) Germany D) China
What is the effect on aggregate supply and potential GDP of an increase in the money wage rate?
What will be an ideal response?
During the 2007-2009 financial crisis the excess reserve ratio
A) increased sharply. B) decreased sharply. C) increased slightly. D) decreased slightly.
The Fed's low short-term interest rate policy from 2002-2004, along with housing regulations promoting low down-payment loans to sub-prime borrowers, encouraged
a. conventional 30-year, fixed rate mortgages which have relatively high default and foreclosure rates. b. conventional 30-year, fixed rate mortgages which have relatively low default and foreclosure rates. c. adjustable rate mortgages which have relatively low default and foreclosure rates. d. adjustable rate mortgages which have relatively high default and foreclosure rates.