Who are the decision makers in the most basic macroeconomic model?
a. the rest of the world and firms.
b. government and firms
c. households and government.
d. households and firms.
Ans: d. households and firms.
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Which of the following concerns were raised as a result of record low interest rates in 2012?
A) high perceived risk of default B) high interest rate risk C) corporations facing a lack of demand for bonds D) high risk premiums on investment-grade corporate bonds
The U.S. dollar is the most important reserve currency in the world
a. True b. False Indicate whether the statement is true or false
The firm's break-even point occurs at an output of
A. 40.
B. 45.
C. 50.
D. 55.
During World War II, the economic boom that raised U.S. equilibrium income above potential income:
A. eliminated any structural deficit. B. increased the cyclical deficit. C. increased the structural deficit. D. eliminated any cyclical deficit.