The government protects rights in a market economy by providing national defense, a court system, and a well-functioning political system
a. True b. False
b
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What type of spending is the largest component of the GDP?
A) investment B) net exports C) government purchases D) consumption expenditures
What is meant by aggregation? Why is aggregation important for macroeconomic analysis?
What will be an ideal response?
What would be the effect of a decrease in the real interest rate and an increase in the expected inflation rate?
a. Both changes would decrease aggregate demand. b. Both changes would increase aggregate demand. c. Both changes would increase short-run aggregate supply. d. Both changes would increase long-run aggregate supply.
A cash register at a coffee shop should be considered
A. real capital. B. either financial or real capital. C. financial capital. D. none of the choices is correct.