1. News\u00a0Story:\u00a0Workers\u00a0at\u00a0a\u00a0car-manufacturing\u00a0plant\u00a0in\u00a0Flint,\u00a0Michigan\u00a0are\u00a0laid\u00a0off\u00a0because\u00a0the\u00a0economy\u00a0is\u00a0weak\u00a0and\u00a0\tGM\u00a0cars\u00a0aren’t\u00a0selling\u00a0well.\u00a0GM\u00a0isn’t\u00a0sure\u00a0when\u00a0the\u00a0plant\u00a0will\u00a0reopen.\u00a0What\u00a0type\u00a0of\u00a0unemployment\u00a0describes\u00a0the\u00a0workers’\u00a0situation?\t\u00a7 Frictional\u00a0unemployment\t\u00a7 Structural\u00a0unemployment\t\u00a7 Full\u00a0unemployment\t\u00a7 Cyclical\u00a0unemployment\t\u00a0\t2. Globalization\u00a0that\u00a0allows\u00a0governments\u00a0to\u00a0pursue\u00a0expansionary\u00a0policies\u00a0can\u00a0be\u00a0dangerous\u00a0because\u00a0it\u00a0can\u00a0lead\u00a0to:\t\u00a7 A\u00a0reduction\u00a0in\u00a0the\u00a0debt\u00a0ceiling\t\u00a7 Goods\u00a0price\u00a0inflation\t\u00a7 Asset\u00a0price\u00a0inflation\t\u00a7 Goods\u00a0price\u00a0deflation\t\u00a0\t3. Macroeconomics\u00a0is:\u00a0\t\u00a7 The\u00a0study\u00a0of\u00a0aggregate\u00a0economic\u00a0relationships.\t\u00a7 An\u00a0analysis\u00a0of\u00a0economic\u00a0reality\u00a0that\u00a0proceeds\u00a0from\u00a0the\u00a0parts\u00a0to\u00a0the\u00a0whole.\t\u00a7 The\u00a0study\u00a0of\u00a0pricing\u00a0policies\u00a0of\u00a0firms\u00a0and\u00a0the\u00a0purchasing\u00a0decisions\u00a0of\u00a0households.\t\u00a7 The\u00a0study\u00a0of\u00a0individual\u00a0choice\u00a0and\u00a0how\u00a0that\u00a0choice\u00a0is\u00a0influenced\u00a0by\u00a0economic\u00a0forces.\t\u00a0\t4. Which\u00a0of\u00a0the\u00a0following\u00a0types\u00a0of\u00a0unemployment\u00a0is\u00a0considered\u00a0to\u00a0be\u00a0the\u00a0most\u00a0controllable\u00a0through\u00a0demand-side\u00a0macroeconomic\u00a0policy?\t\u00a7 Frictional\u00a0unemployment\t\u00a7 Cyclical\u00a0unemployment\t\u00a7 Structural\u00a0unemployment\t\u00a7 Natural\u00a0unemployment\t\u00a0\t5. If\u00a0banks\u00a0hold\u00a0excess\u00a0reserves\u00a0whereas\u00a0before\u00a0they\u00a0did\u00a0not,\u00a0the\u00a0money\u00a0multiplier:\t\u00a7 Will\u00a0become\u00a0smaller\t\u00a7 Will\u00a0become\u00a0larger\t\u00a7 Might\u00a0increase\u00a0or\u00a0might\u00a0decrease\t\u00a7 Will\u00a0be\u00a0unaffected\t\u00a0\t6. Using\u00a0the\u00a0expenditure\u00a0approach,\u00a0gross\u00a0domestic\u00a0product\u00a0equals:\t\u00a7 The\u00a0sum\u00a0of\u00a0consumption,\u00a0investment,\u00a0government\u00a0purchases,\u00a0and\u00a0net\u00a0exports\t\u00a7 Gross\u00a0national\u00a0product\u00a0minus\u00a0net\u00a0exports\t\u00a7 The\u00a0sum\u00a0of\u00a0consumption,\u00a0investment,\u00a0and\u00a0government\u00a0purchases\t\u00a7 Gross\u00a0national\u00a0product\t\u00a0\t7. How\u00a0do\u00a0investment\u00a0in\u00a0technology\u00a0and\u00a0investment\u00a0in\u00a0capital\u00a0differ?\t\u00a7 They\u00a0have\u00a0similar\u00a0effects\u00a0on\u00a0output\u00a0so\u00a0they\u00a0have\u00a0no\u00a0important\u00a0differences\u00a0from\u00a0an\u00a0economic\u00a0point\u00a0of\u00a0view.\t\u00a7 They\u00a0have\u00a0the\u00a0same\u00a0effects\u00a0on\u00a0output\u00a0but\u00a0investments\u00a0in\u00a0technology\u00a0are\u00a0much\u00a0more\u00a0closely\u00a0tied\u00a0to\u00a0the\u00a0level\u00a0of\u00a0saving\u00a0than\u00a0investments\u00a0in\u00a0capital.\t\u00a7 They\u00a0have\u00a0different\u00a0effects\u00a0on\u00a0output\u00a0because\u00a0of\u00a0the\u00a0positive\u00a0externalities\u00a0associated\u00a0with\u00a0investments\u00a0in\u00a0capital.\t\u00a7 They\u00a0have\u00a0different\u00a0effects\u00a0on\u00a0output\u00a0because\u00a0of\u00a0the\u00a0positive\u00a0externalities\u00a0associate\u00a0with\u00a0investments\u00a0in\u00a0technology.\t\u00a0\t8. The\u00a0interest\u00a0rate\u00a0is\u00a0the\u00a0price\u00a0paid\u00a0for\u00a0use\u00a0of\u00a0a:\t\u00a7 Real\u00a0asset.\t\u00a7 Financial\u00a0liability.\t\u00a7 Financial\u00a0asset.\t\u00a7 Real\u00a0liability.\t\u00a0\t9. If\u00a0the\u00a0reserve\u00a0requirement\u00a0is\u00a020\u00a0percent,\u00a0and\u00a0banks\u00a0keep\u00a0no\u00a0excess\u00a0reserves,\u00a0an\u00a0increase\u00a0in\u00a0an\u00a0initial\u00a0inflow\u00a0of\u00a0$100\u00a0into\u00a0the\u00a0banking\u00a0system\u00a0will\u00a0cause\u00a0an\u00a0increase\u00a0in\u00a0the\u00a0money\u00a0supply\u00a0of:\t\u00a7 $50\t\u00a7 $100\t\u00a7 $500\t\u00a7 $20\t\u00a0\t10. Suppose\u00a0farmers\u00a0can\u00a0use\u00a0their\u00a0land\u00a0to\u00a0grown\u00a0either\u00a0wheat\u00a0or\u00a0corn.\u00a0The\u00a0law\u00a0of\u00a0supply\u00a0predicts\u00a0that\u00a0an\u00a0increase\u00a0in\u00a0the\u00a0market\u00a0price\u00a0of\u00a0wheat\u00a0will\u00a0cause:\t\u00a7 Farmers\u00a0to\u00a0substitute\u00a0wheat\u00a0for\u00a0the\u00a0production\u00a0of\u00a0corn.\t\u00a7 Farmers\u00a0to\u00a0raise\u00a0the\u00a0production\u00a0of\u00a0corn\u00a0and\u00a0wheat.\t\u00a7 Farmers\u00a0to\u00a0lower\u00a0the\u00a0production\u00a0of\u00a0corn\u00a0and\u00a0wheat.\t\u00a7 Farmers\u00a0to\u00a0substitute\u00a0corn\u00a0for\u00a0the\u00a0production\u00a0of\u00a0wheat.\t\u00a0\t11. According\u00a0to\u00a0Keynes,\u00a0why\u00a0might\u00a0deflation\u00a0create\u00a0problems\u00a0for\u00a0an\u00a0economy?\t\u00a7 In\u00a0expectation\u00a0of\u00a0increased\u00a0spending,\u00a0too\u00a0many\u00a0entrepreneurs\u00a0would\u00a0begin\u00a0businesses\u00a0and\u00a0most\u00a0would\u00a0fail.\t\u00a7 The\u00a0cost\u00a0of\u00a0repricing\u00a0goods\u00a0would\u00a0increase\u00a0costs,\u00a0and\u00a0therefore\u00a0reduce\u00a0profits,\u00a0for\u00a0businesses\u00a0and\u00a0they\u00a0would\u00a0cut\u00a0production.\t\u00a7 People\u00a0would\u00a0drop\u00a0out\u00a0of\u00a0unions\u00a0because\u00a0unions\u00a0would\u00a0become\u00a0ineffective\u00a0at\u00a0keeping\u00a0wages\u00a0of\u00a0members\u00a0high.\t\u00a7 Consumers\u00a0might\u00a0expect\u00a0prices\u00a0to\u00a0fall\u00a0further\u00a0and\u00a0cut\u00a0back\u00a0consumption\u00a0now.\t\u00a0\t12. When\u00a0interest\u00a0rates\u00a0rise,\u00a0people\u00a0are:\t\u00a7 More\u00a0likely\u00a0to\u00a0borrow,\u00a0that\u00a0is,\u00a0purchase\u00a0a\u00a0financial\u00a0asset.\t\u00a7 More\u00a0likely\u00a0to\u00a0borrow,\u00a0that\u00a0is,\u00a0sell\u00a0a\u00a0financial\u00a0asset.\t\u00a7 Less\u00a0likely\u00a0to\u00a0borrow,\u00a0that\u00a0is,\u00a0sell\u00a0a\u00a0financial\u00a0asset.\t\u00a7 Less\u00a0likely\u00a0to\u00a0borrow,\u00a0that\u00a0is,\u00a0purchase\u00a0a\u00a0financial\u00a0asset.\t\u00a0\t13. According\u00a0to\u00a0the\u00a0Classical\u00a0growth\u00a0model,\u00a0an\u00a0economy\u00a0that\u00a0increases\u00a0its\u00a0saving\u00a0will\u00a0grow:\t\u00a7 Quickly\u00a0since\u00a0the\u00a0increase\u00a0in\u00a0saving\u00a0will\u00a0permit\u00a0greater\u00a0investment.\t\u00a7 Quickly\u00a0since\u00a0the\u00a0increase\u00a0in\u00a0saving\u00a0will\u00a0permit\u00a0more\u00a0rapid\u00a0technological\u00a0progress.\t\u00a7 Slowly\u00a0because\u00a0interest\u00a0rates\u00a0will\u00a0fall,\u00a0causing\u00a0investment\u00a0to\u00a0decline.\t\u00a7 Slowly\u00a0because\u00a0consumption\u00a0and\u00a0aggregate\u00a0demand\u00a0will\u00a0be\u00a0reduced.\t\u00a0\t14. Suppose\u00a0that\u00a0consumer\u00a0spending\u00a0is\u00a0expected\u00a0to\u00a0decrease\u00a0in\u00a0the\u00a0near\u00a0future.\u00a0If\u00a0output\u00a0is\u00a0at\u00a0potential\u00a0output,\u00a0which\u00a0of\u00a0the\u00a0following\u00a0policies\u00a0is\u00a0most\u00a0appropriate\u00a0according\u00a0to\u00a0the\u00a0AS\/AD\u00a0model?\t\u00a7 A\u00a0reduction\u00a0in\u00a0government\u00a0spending\t\u00a7 An\u00a0increase\u00a0in\u00a0taxes\t\u00a7 An\u00a0increase\u00a0in\u00a0government\u00a0spending\t\u00a7 No\u00a0change\u00a0in\u00a0taxes\u00a0or\u00a0government\u00a0spending\t\u00a0\t15. Which\u00a0of\u00a0the\u00a0following\u00a0topics\u00a0is\u00a0best\u00a0characterized\u00a0as\u00a0a\u00a0macroeconomic\u00a0issue?\t\u00a7 The\u00a0effect\u00a0of\u00a0a\u00a0drought\u00a0on\u00a0the\u00a0price\u00a0of\u00a0corn\t\u00a7 The\u00a0decision\u00a0by\u00a0Apple\u00a0to\u00a0produce\u00a0fewer\u00a0Macintosh\u00a0computers\t\u00a7 The\u00a0effect\u00a0of\u00a0an\u00a0increase\u00a0in\u00a0federal\u00a0spending\u00a0on\u00a0the\u00a0unemployment\u00a0rate\t\u00a7 The\u00a0choice\u00a0a\u00a0student\u00a0makes\u00a0in\u00a0selecting\u00a0college\u00a0course\t\u00a0\t16. If\u00a0income\u00a0increases\u00a0more\u00a0rapidly\u00a0than\u00a0expected,\u00a0then:\t\u00a7 Estimates\u00a0of\u00a0the\u00a0target\u00a0rate\u00a0of\u00a0employment\u00a0are\u00a0likely\u00a0to\u00a0increase.\t\u00a7 The\u00a0budget\u00a0is\u00a0less\u00a0likely\u00a0to\u00a0be\u00a0in\u00a0surplus.\t\u00a7 Tax\u00a0revenues\u00a0will\u00a0be\u00a0lower\u00a0than\u00a0expected.\t\u00a7 Spending\u00a0on\u00a0income-support\u00a0programs\u00a0will\u00a0likely\u00a0be\u00a0lower\u00a0than\u00a0expected.\t\u00a0\t\u00a0\t17. In\u00a0which\u00a0of\u00a0the\u00a0following\u00a0situations\u00a0is\u00a0a\u00a0budget\u00a0surplus\u00a0most\u00a0likely\u00a0to\u00a0occur?\t\u00a7 When\u00a0fiscal\u00a0policy\u00a0is\u00a0contractionary\u00a0and\u00a0the\u00a0economy\u00a0is\u00a0expanding\t\u00a7 When\u00a0fiscal\u00a0policy\u00a0is\u00a0expansionary\u00a0and\u00a0the\u00a0economy\u00a0is\u00a0contracting\t\u00a7 When\u00a0fiscal\u00a0policy\u00a0is\u00a0expansionary\t\u00a7 When\u00a0the\u00a0economy\u00a0is\u00a0contracting\t\u00a0\t18. The\u00a0largest\u00a0expenditure\u00a0component\u00a0of\u00a0GDP\u00a0is:\t\u00a7 Government\u00a0spending\t\u00a7 Net\u00a0exports\t\u00a7 Investment\t\u00a7 Consumption\t\u00a0\t19. Which\u00a0of\u00a0the\u00a0following\u00a0is\u00a0the\u00a0path\u00a0through\u00a0which\u00a0contractionary\u00a0monetary\u00a0policy\u00a0works?\t\u00a7 Money\u00a0down\u00a0implies\u00a0interest\u00a0rate\u00a0up\u00a0implies\u00a0investment\u00a0up\u00a0implies\u00a0income\u00a0down.\t\u00a7 Money\u00a0down\u00a0implies\u00a0interest\u00a0rate\u00a0down\u00a0implies\u00a0investment\u00a0down\u00a0implies\u00a0income\u00a0down.\t\u00a7 Money\u00a0down\u00a0implies\u00a0interest\u00a0rate\u00a0up\u00a0implies\u00a0investment\u00a0down\u00a0implies\u00a0income\u00a0down.\t\u00a7 Money\u00a0down\u00a0implies\u00a0interest\u00a0rate\u00a0down\u00a0implies\u00a0investment\u00a0up\u00a0implies\u00a0income\u00a0down.\t\u00a0\t20. As\u00a0a\u00a0country\u00a0develops\u00a0economically,\u00a0what\u00a0changes\u00a0usually\u00a0take\u00a0place\u00a0in\u00a0the\u00a0goods\u00a0it\u00a0exports?\t\u00a7 There\u00a0is\u00a0little\u00a0change\u00a0because\u00a0comparative\u00a0advantage\u00a0does\u00a0not\u00a0change.\t\u00a7 Exports\u00a0go\u00a0from\u00a0being\u00a0diversified\u00a0to\u00a0being\u00a0specialized\u00a0in\u00a0whatever\u00a0the\u00a0country\u00a0finds\u00a0to\u00a0its\u00a0comparative\u00a0advantage.\t\u00a7 Services\u00a0and\u00a0manufactured\u00a0goods\u00a0decline\u00a0in\u00a0importance\u00a0and\u00a0are\u00a0replaced\u00a0by\u00a0raw\u00a0materials\u00a0and\u00a0agricultural\u00a0products.\t\u00a7 Raw\u00a0materials\u00a0and\u00a0agricultural\u00a0products\u00a0decline\u00a0in\u00a0importance\u00a0and\u00a0are\u00a0replaced\u00a0by\u00a0services\u00a0and\u00a0manufactured\u00a0goods.\t\u00a0\t21. What\u00a0would\u00a0make\u00a0foreigners\u00a0want\u00a0to\u00a0buy\u00a0more\u00a0from\u00a0the\u00a0United\u00a0States?\t\u00a7 Higher\u00a0tariffs\t\u00a7 Higher\u00a0interest\u00a0rates\u00a0in\u00a0the\u00a0United\u00a0States\t\u00a7 Inflation\u00a0in\u00a0the\u00a0United\u00a0States\t\u00a7 A\u00a0fall\u00a0in\u00a0the\u00a0value\u00a0of\u00a0the\u00a0dollar\u00a0in\u00a0the\u00a0foreign\u00a0exchange\u00a0market\t\u00a0\t22. The\u00a0depreciation\u00a0of\u00a0currency\u00a0will:\tBalance\u00a0a\u00a0trade\u00a0surplus.\t\u00a7 Have\u00a0no\u00a0impact\u00a0on\u00a0a\u00a0country’s\u00a0comparative\u00a0advantage.\t\u00a7 Worsen\u00a0a\u00a0country’s\u00a0comparative\u00a0advantage.\t\u00a7 Improve\u00a0a\u00a0country’s\u00a0comparative\u00a0advantage.\t\u00a0\t23. The\u00a0government\u00a0of\u00a0Crossland\u00a0wants\u00a0to\u00a0influence\u00a0its\u00a0exchange\u00a0rate.\u00a0It\u00a0will\u00a0do\u00a0so\u00a0by\u00a0buying\u00a0and\u00a0selling:\t\u00a7 Currencies\u00a0in\u00a0its\u00a0official\u00a0reserves\t\u00a7 Commodities\t\u00a7 Goods\u00a0and\u00a0services\u00a0from\u00a0the\u00a0current\u00a0account\t\u00a7 Transfers\t\u00a0\t24. If\u00a0a\u00a0country\u00a0wants\u00a0to\u00a0prevent\u00a0its\u00a0exchange\u00a0rates\u00a0from\u00a0falling,\u00a0it\u00a0could:\u00a0\t\u00a7 Place\u00a0restrictions\u00a0on\u00a0imports\t\u00a7 Pursue\u00a0easier\u00a0monetary\u00a0policy\t\u00a7 Remove\u00a0any\u00a0subsidies\u00a0on\u00a0exports\t\u00a7 Remove\u00a0restrictions\u00a0on\u00a0imports\t\u00a0\t25. Central\u00a0banks\u00a0are\u00a0responsible\u00a0for:\t\u00a7 Both\u00a0monetary\u00a0policy\u00a0and\u00a0fiscal\u00a0policy\t\u00a7 Monetary\u00a0policy\u00a0but\u00a0not\u00a0fiscal\u00a0policy\t\u00a7 Neither\u00a0monetary\u00a0policy\u00a0nor\u00a0fiscal\u00a0policy\t\u00a7 Fiscal\u00a0policy\u00a0but\u00a0not\u00a0monetary\u00a0policy\t\u00a0\t26. Quotas\u00a0and\u00a0tariffs\u00a0can:\t\u00a7 Never\u00a0have\u00a0the\u00a0same\u00a0effect\u00a0on\u00a0imports\u00a0and\u00a0import\u00a0prices.\t\u00a7 Have\u00a0the\u00a0same\u00a0effect\u00a0on\u00a0the\u00a0price\u00a0of\u00a0domestically\u00a0produced\u00a0goods\u00a0if\u00a0they\u00a0are\u00a0set\u00a0appropriately.\t\u00a7 Yield\u00a0the\u00a0same\u00a0amount\u00a0of\u00a0tax\u00a0revenue\u00a0if\u00a0they\u00a0are\u00a0set\u00a0appropriately.\t\u00a7 Both\u00a0increase\u00a0international\u00a0trade\u00a0by\u00a0the\u00a0same\u00a0amount\u00a0if\u00a0set\u00a0appropriately.\t\u00a0\t27. Between\u00a02007\u00a0and\u00a02009,\u00a0the\u00a0U.S.\u00a0unemployment\u00a0rate\u00a0rose\u00a0from\u00a0under\u00a05\u00a0percent\u00a0to\u00a0over\u00a08\u00a0percent.\u00a0A\u00a0Keynesian\u00a0economist\u00a0would\u00a0most\u00a0likely\u00a0blame\u00a0this\u00a0increase\u00a0in\u00a0unemployment\u00a0on:\t\u00a7 An\u00a0increase\u00a0in\u00a0the\u00a0minimum\u00a0wage.\t\u00a7 An\u00a0increase\u00a0in\u00a0the\u00a0bargaining\u00a0power\u00a0of\u00a0labor\u00a0unions.\t\u00a7 A\u00a0decline\u00a0in\u00a0the\u00a0level\u00a0of\u00a0aggregate\u00a0demand.\t\u00a7 A\u00a0decline\u00a0in\u00a0aggregate\u00a0supply.\t\u00a0\t28. U.S.\u00a0imports\u00a0involve\u00a0an:\t\u00a7 Inflow\u00a0of\u00a0foreign\u00a0currency\u00a0from\u00a0foreigners\u00a0to\u00a0the\u00a0U.S.\u00a0economy\t\u00a7 Inflow\u00a0of\u00a0dollars\u00a0from\u00a0foreigners\u00a0to\u00a0the\u00a0United\u00a0States\u00a0economy\t\u00a7 Outflow\u00a0of\u00a0foreign\u00a0currency\u00a0from\u00a0the\u00a0United\u00a0States\u00a0to\u00a0foreigners\t\u00a7 Outflow\u00a0of\u00a0dollars\u00a0from\u00a0the\u00a0United\u00a0States\u00a0to\u00a0foreigners\t\u00a0\t29. The\u00a0law\u00a0of\u00a0demand\u00a0states\u00a0that\u00a0quantity\u00a0demanded\u00a0of\u00a0a\u00a0good\u00a0is\u00a0inversely\u00a0related\u00a0to\u00a0the\u00a0price\u00a0of\u00a0that\u00a0good.\u00a0Therefore,\u00a0as\u00a0the\u00a0price\u00a0of\u00a0a\u00a0good\u00a0goes:\t\u00a7 Up,\u00a0the\u00a0quantity\u00a0demanded\u00a0goes\u00a0down.\t\u00a7 Down,\u00a0the\u00a0quantity\u00a0demanded\u00a0stays\u00a0the\u00a0same.\t\u00a7 Up,\u00a0the\u00a0quantity\u00a0demanded\u00a0also\u00a0goes\u00a0up.\u00a0\t\u00a7 Down,\u00a0the\u00a0quantity\u00a0demanded\u00a0goes\u00a0down.\t\u00a0\t30. According\u00a0to\u00a0Keynes,\u00a0market\u00a0economies:\t\u00a7 Never\u00a0experience\u00a0significant\u00a0declines\u00a0in\u00a0aggregate\u00a0demand.\t\u00a7 Are\u00a0constantly\u00a0experiencing\u00a0significant\u00a0declines\u00a0in\u00a0aggregate\u00a0demand.\t\u00a7 May\u00a0recover\u00a0slowly\u00a0after\u00a0they\u00a0experience\u00a0a\u00a0significant\u00a0decline\u00a0in\u00a0aggregate\u00a0demand.\t\u00a7 Quickly\u00a0recover\u00a0after\u00a0they\u00a0experience\u00a0a\u00a0significant\u00a0decline\u00a0in\u00a0aggregate\u00a0demand.<\/p>\n","protected":false},"excerpt":{"rendered":"
1. News\u00a0Story:\u00a0Workers\u00a0at\u00a0a\u00a0car-manufacturing\u00a0plant\u00a0in\u00a0Flint,\u00a0Michigan\u00a0are\u00a0laid\u00a0off\u00a0because\u00a0the\u00a0economy\u00a0is\u00a0weak\u00a0and\u00a0 GM\u00a0cars\u00a0aren’t\u00a0selling\u00a0well.\u00a0GM\u00a0isn’t\u00a0sure\u00a0when\u00a0the\u00a0plant\u00a0will\u00a0reopen.\u00a0What\u00a0type\u00a0of\u00a0unemployment\u00a0describes\u00a0the\u00a0workers’\u00a0situation? \u00a7 Frictional\u00a0unemployment \u00a7 Structural\u00a0unemployment \u00a7 Full\u00a0unemployment \u00a7 Cyclical\u00a0unemployment \u00a0 2. Globalization\u00a0that\u00a0allows\u00a0governments\u00a0to\u00a0pursue\u00a0expansionary\u00a0policies\u00a0can\u00a0be\u00a0dangerous\u00a0because\u00a0it\u00a0can\u00a0lead\u00a0to: \u00a7 A\u00a0reduction\u00a0in\u00a0the\u00a0debt\u00a0ceiling \u00a7 Goods\u00a0price\u00a0inflation \u00a7 Asset\u00a0price\u00a0inflation \u00a7 Goods\u00a0price\u00a0deflation \u00a0 3. Macroeconomics\u00a0is:\u00a0 \u00a7 The\u00a0study\u00a0of\u00a0aggregate\u00a0economic\u00a0relationships. \u00a7 An\u00a0analysis\u00a0of\u00a0economic\u00a0reality\u00a0that\u00a0proceeds\u00a0from\u00a0the\u00a0parts\u00a0to\u00a0the\u00a0whole. \u00a7 The\u00a0study\u00a0of\u00a0pricing\u00a0policies\u00a0of\u00a0firms\u00a0and\u00a0the\u00a0purchasing\u00a0decisions\u00a0of\u00a0households. \u00a7 The\u00a0study\u00a0of\u00a0individual\u00a0choice\u00a0and\u00a0how\u00a0that\u00a0choice\u00a0is\u00a0influenced\u00a0by\u00a0economic\u00a0forces. \u00a0 4. Which\u00a0of\u00a0the\u00a0following\u00a0types\u00a0of\u00a0unemployment\u00a0is\u00a0considered\u00a0to\u00a0be\u00a0the\u00a0most\u00a0controllable\u00a0through\u00a0demand-side\u00a0macroeconomic\u00a0policy? \u00a7 Frictional\u00a0unemployment \u00a7 Cyclical\u00a0unemployment Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210702","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210702"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210702\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}