Jane is currently developing a model to explain the national unemployment rate. This is an example of
A) a microeconomic topic.
B) normative analysis.
C) positive analysis.
D) how people act in an irrational manner.
C
You might also like to view...
A 2 percent wage increase for teachers or police officers
A. is usually offset by higher output per worker. B. leads to increases in municipal budgets. C. indicates that teachers and police have become more selfish. D. leads to more personalized service.
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real GDP and current international transactions balance in the context of the Three-Sector-Model? a. Real GDP falls and current international transactions balance becomes
more negative (or less positive). b. Real GDP rises and current international transactions balance becomes more negative (or less positive). c. Real GDP and current international transactions balance remain the same. d. Real GDP rises and current international transactions balance remains the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Which of the following equations accurately shows a total revenue decrease when demand is price elastic?
a.
b.
c.
d.
If a lender wants to earn a real interest rate of 3% and expects inflation to be 3%, he/she should charge a nominal interest rate that:
A. is at least 7%. B. equals the real rate desired less expected inflation. C. equals the real rate desired plus expected inflation. D. is anything above 0%.