All of the following are examples of macroeconomic problems EXCEPT
A. consumers deciding to buy more fish and less beef because of concerns about a healthier diet.
B. a decline in the rate of overall economic growth.
C. unemployment caused by a fall off in the level of residential construction.
D. inflationary pressures caused by an increase in the cost of petroleum.
Answer: A
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How might real business cycle theorists respond to evidence of procyclical inflation?
What will be an ideal response?
Ceveryday expenses is:
A. irrational, since money is fungible. B. rational, since Buddy can now pay all his bills with a small credit card payment each month. C. going to make Buddy wealthier in the long run. D. rational, since he has his new computer and has money in the bank.
Lucinda is a farm owner who believes the market price for her crops is insufficient to cover her expenses and make a worthwhile profit. Which government action on farm goods would Lucinda most likely support?
a. price decreases b. price ceilings c. price floors d. price maximums
Which country of those listed below has the highest percentage of children living in households with income below 50% of the national median?
A. Germany B. Australia C. The United States D. Canada