QN=64 (17762) Macroeconomists study
a. the decisions of households and firms.
b. the interaction between households and firms.
c. economy-wide phenomena.
d. regulations on firms and unions.
c. economy-wide phenomena.
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The aggregate demand curve for an economy depicts the:
a. quantity of goods and services demanded during a given time period at different interest rates, other things held constant. b. quantity of goods and services demanded at different price levels during different time periods, other things held constant. c. quantity of goods and services demanded at different price levels during a given time period, other things held constant. d. quantity of goods and services that the economy is capable of producing during a given time period, other things held constant. e. final quantity of goods and services actually produced by the economy during a given time period, other things held constant.
Entrepreneurship is the act of starting new firms and taking the risks that are necessary in business opportunities.
Answer the following statement true (T) or false (F)
Briefly explain the reason for the Law of Increasing Opportunity Cost.
What will be an ideal response?
Under a system of marketable pollution permits:
A. pollution will increase. B. firms may trade the right to pollute a certain amount. C. firms can only buy the right to pollute from the government. D. the government is not involved.