The U.S. economy was able to achieve full employment with relative price level stability between 1996 and 2000 because aggregate:

A. Demand increased
B. Supply decreased
C. Demand increased and aggregate supply increased
D. Demand decreased and aggregate supply increased


C. Demand increased and aggregate supply increased

Economics

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Which of the following is true?

a. Decision making should never be centralized b. When decentralizing decision making, figure out a way to transfer information to the decision maker c. When decentralizing decision making, strengthen incentive compensation schemes d. When decentralizing decision making, weaken incentive compensation schemes

Economics

A natural experiment always has a control group, which is affected by the policy change, and a treatment group, which is not affected by the policy change.

Answer the following statement true (T) or false (F)

Economics

A chart of the ratio of national debt to GDP from 1915 to 2014 would show

A. a continuous decline. B. sharp increases from 1945 to 1975. C. significant increases from 1983 to 1994. D. significant decreases from 2003 to 2010.

Economics

Macroeconomics can best be described as the:

A. analysis of how a consumer tries to spend income. B. study of the large aggregates of the economy or the economy as a whole. C. analysis of how firms attempt to maximize their profits. D. study of how supply and demand determine prices in individual markets.

Economics