Macroeconomic models use abstract concepts such as "price level" and "national income" that are calculated by combining many markets into one. This process is known as
a. analysis and synthesis.
b. integration and derivation.
c. conceptualization.
d. aggregation.
d
You might also like to view...
The demand for loanable funds is downward sloping because the ________ the interest rate, the ________ the number of profitable investment projects a firm can undertake, and the ________ the quantity demanded of loanable funds
A) greater; greater; greater B) lower; greater; greater C) greater; smaller; greater D) lower; smaller; greater
The stock market is
A) where interest rates are determined. B) the most widely followed financial market in the United States. C) where foreign exchange rates are determined. D) the market where most borrowers get their funds.
A firm in China sells toys to a U.S. department store chain. Other things the same, these sales
a. increase U.S. net exports and decrease Chinese net exports. b. decrease U.S. net exports and increase Chinese net exports. c. increase U.S. and Chinese net exports. d. decrease U.S. and Chinese net exports.
The biggest difference between using a Pigovian tax or a tradable allowance to correct for a negative externality is:
A. the tax creates an efficient outcome, and the tradable allowances do not. B. the government collect revenues from the tax, and the private parties trade quota rights on their own. C. the tax maximizes total surplus, but the tradable allowances do not. D. All of these are differences between the two government policies.