Which of the following is a potential problem at macro equilibrium?
A. A shortage of goods exists.
B. A surplus of goods exists.
C. The economy is permanently stuck there.
D. It is inconsistent with the macroeconomic goals.
Answer: D
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The money multiplier is computed as follows:
A) (c + 1)/(c + rr + e). B) (c + 1)/(c + rr). C) 1/rr. D) (c + 1)/(c + e).
In 2009, high-income economies with only about one eighth of the world's population produced almost three-fourths of the worlds output
a. True b. False
Figure 36-6
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In Figure 36-6, which of the following will cause a movement from equilibrium at point A to equilibrium at point C?
A. An appreciation of the dollar B. A depreciation of the dollar C. An appreciation of the Japanese yen D. An increase in the U.S. price level
Some environmentalists argue that we should protect the environment as much as possible, regardless of cost. Which of the following is not a likely outcome of pursuing such a course of action?
a. lower levels of nutrition, health care, and housing b. a lower standard of living c. slowing or reversing technological advancement d. the elimination of all pollution