Which of the following is not a macroeconomic issue?
a) Unemployment
b) Inflation
c) The wages paid to footballers
d) Economic growth
Answer: c) The wages paid to footballers
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The consumption function shows the relationship
A) between households' disposable income and their consumption spending. B) between consumption spending and capital gains. C) between government spending and tax collection. D) between investment and rate of return.
Which Fed policy would be part of a restrictive monetary policy?
A) Raising tax rates. B) Lowering the discount rate. C) Selling government bonds. D) Reducing the required reserve ratio. E) None of the above.
Both France and the United Kingdom successfully used exchange-rate targeting to lower inflation in the late 1980s and early 1990s by tying the value of their currencies to the
A) U.S. dollar. B) German mark. C) Swiss franc. D) Euro.
Other things being equal, the higher the cost of capital
A) the higher the NPV of a project. B) the higher the IRR of the project. C) the lower the NPV of the project. D) The cost of capital has no effect on the NPV of the project.