Microeconomics includes the study of the
A) aggregate effects on the national economy.
B) nationwide unemployment rate.
C) reasons why the government changes interest rates.
D) recessions and inflation in the global economy.
E) choices made by individuals and businesses.
E
Economics
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Refer to the diagram below. If box E represents government, box C businesses, box D the resource market, and box B the product market, then government hiring of teachers, soldiers, police, and judges would be illustrated by arrows:
A. 5 and 6
B. 7 and 8
C. 9 and 10
D. 10 and 11
Economics
Cutting the fed funds rate
A. can cause interest rates to increase. B. can cause deflation to occur. C. puts downward pressure on inflation. D. puts upward pressure on prices.
Economics