The four components of aggregate demand include all of the following except
A. Saving.
B. Net exports.
C. Investment.
D. Consumption.
Answer: A
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Which of the following is true of the expenditure-based method of national accounting?
A) It does not track the purchase of goods and services by the government. B) It only tracks the purchase of goods and services by the government. C) It tracks the purchase of investment goods by firms and households. D) It does not track the purchase of services by households.
What is the yield to maturity on a simple loan that requires payment of $500 plus $30 in interest one year from now?
A) 6% B) 6.38% C) 5.3% D) Not enough information has been provided to determine the answer.
Which of the following statements is true about a consumer's optimal decision when indifference curves are concave?
A) Both goods are consumed. B) No goods are consumed. C) Only one of the goods is consumed. D) It occurs at the point of tangency with the budget line.
When the Phillips curve was first formulated (late 1960s), many economists thought that it showed a
a. "menu" of budget deficits from different budget policies. b. "menu" of possible choices available to policy makers. c. guide to the appropriate mix of fiscal and monetary policy. d. guide of political reactions to economic policy.