Which procedure seems to be most useful to structure a macroeconomic analysis?
a. (1) Analyze the chain reaction of economic causes and effects; (2) Identify the economic shock; (3) Describe the economic setting in the three key markets.
b. (1) Analyze the chain reaction of economic causes and effects; (2) Describe the economic setting in the three key markets; (3) Identify the economic shock.
c. (1) Identify the economic shock; (2) Analyze the chain reaction of economic causes and effects; (3) Describe the economic setting in the three key markets.
d. (1) Identify the economic shock; (2) Describe the economic setting in the three key markets; (3) Analyze the chain reaction of economic causes and effects.
e. (1) Describe the economic setting in the three key markets; (2) Identify the economic shock; (3) Analyze the chain reaction of economic causes and effects.
.E
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Because checking accounts are ________ liquid for the depositor than savings accounts, they earn ________ interest rates
A) less; higher B) less; lower C) more; higher D) more; lower
In the consumption function, consumption is caused by changes in the:
a. price level. b. level of disposable income. c. interest rate. d. level of investment. e. level of real assets.
Compared with generic products, a brand name:
a. reduces the price elasticity of demand and gives a firm more market power. b. increases the price elasticity of demand and gives a firm more market power. c. increases the price elasticity of demand and gives a firm less market power. d. reduces the price elasticity of demand and gives a firm less market power. e. has no effect on price elasticity of demand or market power.
Growth in real GDP per capita has:
A. slowed since the mid-nineteenth century compared to before. B. been steady over the course of human history. C. increased over the last 150 years only in the United States and Canada. D. been more rapid since the mid-nineteenth century than ever before.