Which of the following is one of the three major macroeconomic goals?
a. Maintain output per person at a relatively stable level.
b. Maintain economic growth at a relatively stable level.
c. Maintain employment of human resources at relatively low levels.
d. Maintain prices at a relatively stable level.
d. Maintain prices at a relatively stable level.
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The Sherman Antitrust Act:
a. prohibited restraint of trade. b. created the Federal Trade Commission. c. prohibited fraudulent advertising. d. regulated the railroads.
Economics examines the options open to households, business firms, governments, and entire societies by the limited resources at their command
a. True b. False Indicate whether the statement is true or false
_________ is the investment that individuals make in education, training, and health care that raise their productive capacity.
A. Capital market B. Human capital C. Human engineering D. Private good production
Beginning from a position of long-run equilibrium at the full-employment level of real GDP, the economy's short-run response to an increase in the aggregate demand curve would be:
A. a movement upward along the short-run aggregate supply curve. B. a movement upward along the long-run aggregate supply curve. C. a downward shift in the short-run aggregate supply curve. D. a shift in both the aggregate demand curve and the short-run aggregate supply curve with a movement along the long-run aggregate supply curve.