Public goods are any goods provided by units of local, state, or federal governments.
Answer the following statement true (T) or false (F)
False
A public good is a good or service whose consumption by one person does not exclude consumption by others.
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Which of the following is a normative macroeconomics statement?
A) The central bank should increase the nation's money supply. B) The increase in the nation's money supply helped push the nation's unemployment rate down in the short run. C) Ford Motor Company's new advertising campaign ended up hurting General Motors' sales. D) The local government ought to spend more on recreational facilities.
Who in the adult population is counted as "employed" in U.S. labor statistics?
a. people who are temporarily absent from their job and people who work without pay in a family member's business b. people who are temporarily absent from their job but not people who work without pay in a family member's business c. people who work without pay in a family member's business but not people who are temporarily absent from their job d. neither people who are temporarily absent from their job nor people who work without pay in a family member's business
If you believe that velocity is constant and that the aggregate supply curve is horizontal, then the quantity theory of money would predict that a doubling of the money supply would cause a doubling of the
A. price level and real output. B. price level. C. price level and no change in real output. D. real output.
The Great Depression, in which real GDP fell and unemployment rose, can be characterized as a...
What will be an ideal response?