Which of the following is an example of a macroeconomic aggregate?
A) Total fixed cost faced by a firm B) Income earned by a household
C) Profit earned by an entrepreneur D) The annual inflation rate
D
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Currency traders expect the value of the dollar to rise. What effect will this have on the demand for dollars and the supply of dollars in the foreign exchange market?
A) Demand for dollars will decrease, and supply of dollars will increase. B) Demand for dollars will decrease, and supply of dollars will decrease. C) Demand for dollars will increase, and supply of dollars will increase. D) Demand for dollars will increase, and supply of dollars will decrease.
An orthodox model calls for cutting government spending, reforming the tax system to increase compliance and revenues, and limiting the creation of new money
Indicate whether the statement is true or false
In the context of insurance, everyone typically has to pay a higher premium because of:
A. risk aversion. B. adverse selection. C. diversification. D. risk pooling.
A representative unit that measures the want-satisfying power of a good is
A) a margin. B) purchasing power. C) income. D) a util.