Macroeconomics — Test Answers

24 verified answers

The equation calculates an annual rate in economics. final value-initial value over initial value times 100 What rate does the equation calculate?

supply rate

employment rate

demand rate

inflation rate

Which example best describes how a bank injects money into the economy?

A bank buys a company’s rapidly growing stock.

A bank opens a savings account for a customer.

A bank approves a loan for a customer.

A bank buys property in a bustling business district.

The exchange of factors of production for income occurs in the [Dropdown 1] market.

Answer:

factor

Which is the best definition of inflation?

a gradual decrease in the price of goods and services

an exponential increase in the price of goods and services

an exponential decrease in the price of goods and services

a gradual increase in the price of goods and services

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