Macroeconomic issues include all of the following EXCEPT:
A. recessions and expansions.
B. productivity.
C. energy reserves.
D. economic growth.
Answer: C
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Economic freedom
A) is harmed by having too many property rights. B) is created when the nation imposes many regulations on businesses. C) is founded, in part, on the rule of law. D) is not important for nations to grow. E) must come from a democratic government.
Over a period of time, the equilibrium price of a good increases and the quantity decreases. All of the following could account for this situation, except:
A. An increase in the costs of production B. The removal of a subsidy on the good or service C. The imposition of a sales tax on the good or service D. A decrease in the price of an alternative good or service that producers could also produce