Which of the following concepts is not included in the study of macroeconomics?
a. The unemployment level
b. The inflation rate
c. The real income
d. The profit-maximizing condition
e. The role of government
d
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An increase in the real interest rate outside of the United States will cause net capital outflows to ________ and cause the dollar to ________ relative to other currencies
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
With no change in fiscal policy, the budget
a. will run a surplus during a recession and a deficit during a boom. b. deficit will rise during a recession and fall during a boom. c. deficit will fall during a recession and rise during a boom. d. will remain unchanged by adverse economic conditions.
Institutions that encourage productive activities and discourage counterproductive ones, will tend to promote
What will be an ideal response?
In the graph for the relationship between elasticity of the demand and total revenue, we can see that between five and ten units, ______.
a. total revenue is rising and marginal revenue is positive
b. total revenue is rising and marginal revenue is negative
c. total revenue is falling and marginal revenue is positive
d. total revenue is falling and marginal revenue is negative