Which of the following is not a basic measure of macroeconomic performance?
A. Output growth
B. Unemployment
C. Public goods
D. Inflation
C. Public goods
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Refer to Figure 7-5. With insurance and a third-party payer system, what price do doctors receive for medical services?
A) $40 B) $55 C) $65 D) > $65
Economists at which administrative department help design tax policy?
When an increase in government purchases causes firms to purchase additional plant and equipment, we have seen a demonstration of
A. the multiplier effect. B. supply-side economics. C. the crowding-out effect. D. the investment accelerator. E. none of these answers.
The Great Depression ended in the United States when
A. the New Deal reforms were initiated by President Roosevelt. B. deficit spending ended in 1937. C. the United States returned to the gold standard in 1940. D. the United States began to mobilize for war in the early 1940s. E. the German economy suffered hyperinflation in the 1920s.