Which of the following lies primarily within the realm of macroeconomics?
a. a study of the elasticity of demand for gasoline
b. a study of how tax cuts stimulate aggregate production
c. an analysis of supply and demand conditions in the electricity market
d. a study of the impact of "mad cow" disease on the price of beef worldwide
b
Economics
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The interest rate is 5 percent. How does $500 to be received a year from today compare in value to $500 right now?
What will be an ideal response?
Economics
When two variables move in opposite directions, the curve relating them is upward sloping, and we say the variables are positively related
a. True b. False Indicate whether the statement is true or false
Economics