1. The most important economic variable/variables for the US economy isv/are (A)

Question

1. The most important economic variable/variables for the US economy isv/are (A) GDP and per capita income (B) Growth and inflation (C) The unemployment rate (D) All of the above (E) None of the above 2. Why did the Fed funds rate (FFR) stop at zero after the recession of 2008-2009 (A) Zero lower bound (B) People would hold only cash if FFR falls below zero. (C) Buying bonds won't be rewarding for too low interest rates. (D) All of the above (E) None of the above 3. Which one is true? (A) The national income and product accounts (NIPA) were developed at the end of World War L (B) Gross domestic output does not include the measure of aggregate output (C) GDP is the value of both intermediate and final goods and services (D) The government buys bonds through open market operations to contract money supply. (E) None of the above 4. Production depends on (A) Income, production, demand (B) Demand, income, production (C) Consumption, investment, government spending (D) Investment, export, import (E) Love, affection, empathy , which depends on which is itself equal to 5. Two equivalent ways of stating the condition for equilibrium in the goods market ate: (A) Production demand; investment saving (B) Demand production; saving investment (C) Production investment demand saving (D) B and C are right (E) A and B are right 6. Which one is true? (A) Income is a flow. (B) Investment refers to as the purchase of new capital goods (C) Saving is the part of after-tax income and it's a flow (D) Financial wealth is a stock (E) All of the above

Explanation / Answer

1. D) All of the above

The most significant variables are gross domestic product (GDP), the unemployment rate, and the inflation rate.

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