Most macroeconomic policy consists of:
A) monetary policy
B) fiscal policy
C) exchange-rate policy
D) regulatory policy
A
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A warranty is an example of ________
A) sniping B) signaling C) a price floor D) a price ceiling
The quantity supplied of a good or service is the quantity that a producer ________ at a particular price during a given time period
A) is willing to sell B) actually sells C) needs to sell D) should sell
The price elasticity of demand is the
a. percentage change in price divided by the percentage change in quantity demanded b. average change in price divided by the average change in quantity demanded c. percentage change in quantity demanded divided by the percentage change in price d. average change in price divided by the average change in quantity demanded e. percentage change in quantity demanded divided by the average change in price
The Phillips curve traces a set of combinations of rates of
a. interest and unemployment b. real GDP and inflation c. real GDP and interest d. inflation and interest e. unemployment and inflation