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
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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
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)
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.
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.