Which of the following is a topic studied in macroeconomics?
A. Unemployment rates over time
B. Taxation strategies of major corporations
C. Gasoline price changes
D. Consumer participation in Facebook
Answer: A
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In Figure 15-2 above, the difference between consumption levels at point A and point B is equal to
A) the long run MPC times the change in disposable income. B) the short run MPC times the change in disposable income. C) (Y0 - Y2 ) times the short run change in income. D) the long run change in income times (Y0 - YP).
Splitting up a natural monopoly into two or more smaller firms would not only lower the average cost of production but also reduce price
a. True b. False Indicate whether the statement is true or false
The top 1 percent share of income in the United States was only ________ percent in 1978 as compared to ________ in 2007.
A. 5.2; 36 B. 1.09; 13.44 C. 7.55; 22.49 D. 3.45; 10.76
Unanticipated inflation generally hurts borrowers and benefits lenders
a. True b. False Indicate whether the statement is true or false