Macroeconomics, as opposed to microeconomics, includes the study of what determines the
A) average price levels of goods and services in the economy.
B) price charged for laptop computers by Dell.
C) wages paid to employees by Dell.
D) quantity of Dell employees.
Answer: A
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The increase in the federal deficit due to the 2009 stimulus package may have had a smaller impact on the economy due to forward-looking households and firms
A) reducing consumption and investment expenditures in anticipation of future tax increases. B) purchasing more treasury securities to finance the stimulus package and purchasing fewer goods and services. C) taking advantage of the strong U.S. dollar to purchase more imported goods. D) waiting for the real interest rate to fall before borrowing to make long-term investments.
A person puts a $100 bill in the glove compartment of his car in case of an emergency. This is an example of
A) the precautionary demand for money. B) the transaction demand for money. C) the emergency investment demand for money. D) the asset demand for money.