Which aspect of macroeconomics generates the most controversy?
A) economic growth
B) the causes of business cycles
C) supply and demand
D) competitive equilibrium
B
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
The SMarT program is designed to overcome which common barrier to saving?
A. Status-quo bias B. An unwillingness to forgo current consumption C. The program was designed to overcome both A and B. D. The program was designed to overcome neither A nor B.
If the Fed lowers the reserve requirement from 15 percent to 13 percent, the result will be a ______.
a. major increase in the money supply b. major decrease in the money supply c. minor increase in the money supply d. minor decrease in the money supply
Who is more likely to offer a money-back guarantee: a seller of a lemon or a seller of a plum? Why?
What will be an ideal response?