Which of the following would NOT be considered a macroeconomic topic?
A) the reasons for a decline in the price of crude oil
B) the cause of a downturn in the economy
C) the effect of the government budget deficit on inflation
D) the causes of inflation and unemployment
A
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Government transfer payments are income earned by individuals who work for the federal government.
Answer the following statement true (T) or false (F)
Which of the following does not represent an example of government spending?
A. Purchase of military aircraft B. Payment of Social Security benefits C. Paychecks to government workers D. Payment to the company that cleans the U.S. Capitol
The transactions demand for money refers to
A. the desire for income. B. the desire for wealth. C. the demand to hold money as a long-term store of value. D. the demand to hold money for use in planned purchases.
In 1990, Britain joined the ERM. If the German Bundesbank increased interest rates, assuming Britain does not maintain its exchange rate peg:
A) the only option available to Britain would be to increase its interest rate. B) the British pound would depreciate. C) the British pound would appreciate. D) the British economy would slow down.