Which of the following would be strictly a microeconomic topic?
a. a general rise in interest rates
b. a drop in inflation
c. an increase in total production in the United States
d. a drop in the nation's unemployment rate
e. an increase in the price of the Ford Taurus
E
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A decrease in the discount rate will
A) have an unclear effect on the money supply. B) decrease the money supply. C) increase the money supply. D) not affect the money supply.
In the figure above, which of the following represents a real flow?
A) Expenditures on real estate services B) Profit C) Capital D) Wages E) Both B and D
Other things constant, which case would tend to reflect the highest elasticity of demand for eggs?
A) A restaurant that spends 1% of their budget on eggs B) A restaurant that spends 2% of their budget on eggs C) A restaurant that spends 5% of their budget on eggs D) The question can't be answered without information on the price of eggs.
Which of the following countries currently has the largest population?
a. India b. Indonesia c. Brazil d. China