Which of the following is a basic measure of macroeconomic performance?
A. The U.S. stock market
B. Growth in output
C. The U.S. bond market
D. Population growth
B. Growth in output
You might also like to view...
Has not been successful in reducing poverty among elderly Americans.
Answer the following statement(s) true (T) or false (F)
If the cyclically adjusted budget shows a deficit of about $100 billion and the actual budget shows a deficit of about $150 billion, it can be concluded that there is:
A. an expansionary fiscal policy. B. a contractionary fiscal policy. C. built-in stability. D. a cyclical deficit.
A perfectly competitive firm will be operating at its shutdown point if it operates
A. at the minimum point on its marginal cost curve. B. at the minimum point on its average variable cost curve. C. at the minimum point on its average total cost curve. D. where P = MC.
When the Federal Reserve sells a government bond to a primary dealer, reserves in the banking system ________ and the monetary base ________, everything else held constant
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases