In the IS equation, which of the following is an exogenous variable?
A) planned investment spending
B) real interest rate
C) consumption
D) all of the above
E) none of the above
B
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Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. What fundamental economic question are they addressing by offering this range of items?
A) What to produce? B) Why produce a variety of items? C) Who to produce the items for? D) How to produce goods that consumers want?
The freedom of entry and exit is key to pressuring economic profit to zero under
A. monopoly and monopolistic competition. B. monopoly and perfect competition. C. oligopoly and monopoly. D. perfect competition and monopolistic competition.
The absence of cyclical unemployment means the economy is at the natural unemployment rate
Indicate whether the statement is true or false
In 2008, several of the world's central bank actively worked together to push down global interest rates. This is an example of
A) international policy coordination. B) international policy cooperation. C) international policy externalities. D) structural interdependence.