Which model is used to evaluate the effects of macroeconomic policy such as tax cuts?
A. Aggregate demand and aggregate supply
B. Demand and supply
C. Game theory
D. Circular flow.
A. Aggregate demand and aggregate supply
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Which of the following events must result in a lower price in the market for Snickers?
a. Demand for Snickers increases, and supply of Snickers decreases. b. Demand for Snickers and supply of Snickers both decrease. c. Demand for Snickers decreases, and supply of Snickers increases. d. Demand for Snickers and supply of Snickers both increase
Sonia has a BA in art history, and is currently working full-time as a waitress. The Bureau of Labor Statistics would count Sonia as:
A. underemployed. B. employed. C. unemployed. D. a discouraged worker.
"When the balance of payments sums to zero is the only situation in which there is an equilibrium." Do you agree or disagree? Why?
What will be an ideal response?
The twin responsibilities of the Federal Reserve is called the:
A. double duty. B. two tasks. C. dual mandate. D. twin spin.