The problems of inflation and unemployment are
A. only relevant to European economies.
B. not relevant to the U.S. economy.
C. major topics of microeconomics.
D. major topics of macroeconomics.
Answer: D
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For a firm, its labor costs are
A) a marginal benefit. B) a private cost. C) an external cost. D) Both answers A and C are correct. E) Both answers A and B are correct.
If the Fed wishes to decrease the supply of money and credit, it may sell government securities, raise the discount rate, or lower required reserve ratios
Indicate whether the statement is true or false
The negative relation between investment spending and the interest rate is what gives the ________ curve its ________ slope
A) IS; upward B) IS; downward C) LM; downward D) LM; upward
Demand for an input is derived from the demand for the final product.
Answer the following statement true (T) or false (F)