Which of the following is considered a microeconomic topic?
A. The review of quarterly national income accounting data
B. A firm’s decision to purchase pay-per-click online advertising
C. The Federal Reserve decides to increase the discount rate
D. The CPI reports a rise in inflation during July
B. A firm’s decision to purchase pay-per-click online advertising
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Which one of the following is an example of a positive statement?
A) Farmers need some type of government aid. B) State governments should provide economic assistance to farmers. C) The federal government should provide economic assistance to farmers. D) The amount of financial assistance given to farmers is higher this year than it was 10 years ago.
In a graph relating private spending (C + Ig) to real gross domestic product (GDP), what does the 45-degree line represent?
What will be an ideal response?