Which of the following is a macroeconomic concern?
A) the unemployment rate in a specific industry
B) the national output of the United States
C) wage levels in specific industries
D) the operation of an individual firm
B
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
Which of the following criticisms is NOT directed to the IMF?
A) It lacks openness in its decision-making process. B) It serves the interests of wealthier countries. C) It creates a free-riding problem. D) It violates national sovereignty. E) It is heavily bureaucratic and at times gives harmful advice.
Why is the demand curve for a monopolist downward sloping? How does this affect the monopolist's behavior?
The following concepts are related EXCEPT for the following:
A. "The invisible hand" B. Government regulations C. A government "five-year plan" D. Government planning