Macroeconomists are distinguished from microeconomists because macroeconomists are more interested in
a. inflation and unemployment than in individual markets.
b. large corporations rather than small businesses.
c. inflation in the United States rather than inflation in Costa Rica.
d. the demand for oil rather than the demand for corn.
a
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In the foreign exchange market, how will each of the following influences affect the demand for dollars and the demand curve for dollars?
a. an increase in the exchange rate b. an increase in the U.S. interest rate c. a fall in the expected future exchange rate
The presence of adverse selection in a market causes:
A. some transactions to fail to take place. B. a deadweight loss. C. market failure. D. All of these statements are true.
The amount of a particular good or service that buyers in a market will purchase at a given price during a specified period is called:
A. quantity demanded. B. quantity supplied. C. demand. D. supply.
Explain why a monopolist does not have a supply curve.
What will be an ideal response?