One subject of study for macroeconomics is
A. monopoly.
B. the shape of an individual's demand curve.
C. unemployment.
D. perfect competition.
Answer: C
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In the above figure, when real disposable income is less than 600, then
A) consumption is less than disposable income. B) consumption is the same as disposable income. C) consumption is more than disposable income. D) the MPC will fall.
Economic growth is the result of two major or general "determinants":
A) capital and autonomous planned spending. B) capital per capita and autonomous planned spending. C) capital per capita and autonomous growth factors. D) saving and autonomous growth factors.
Keynesian economists ________
A) observe that prices are perfectly flexible B) believe that the classical dichotomy never holds C) believe that only the interaction between savings and investment affects the real interest rate D) all of the above E) none of the above
A firm that exits its market has to pay
a. its variable costs but not its fixed costs. b. its fixed costs but not its variable costs. c. both its variable costs and its fixed costs. d. neither its variable costs nor its fixed costs.