Macroeconomics focuses on the economy as a whole
a. True
b. False
A
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A financial system is a means of bringing together savers and borrowers.
Indicate whether the statement is true or false.
Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
What is the shape of a monopolist's demand curve and marginal revenue curve?
What will be an ideal response?
Which of the following items is recorded in the financial account?
A. A Chinese businessman imports Ford automobiles from the United States. B. A U.S. tourist spends money on a trip to China. C. The New York Yankees are paid $10 million by the Chinese to play an exhibition game in Beijing, China. D. Ford Motor Company of the United States provides part of the financing for a new automobile factory in China.