PROPHECY CORE MANDATORY PART 1,2 AND 3 NURSING RELIAS 2024 NEWEST DETAILED QUESTIONS AND GUARANTEED ANSWERS ALREADY GRADED A+.

PROPHECY CORE MANDATORY PART 1,2 AND 3 NURSING RELIAS 2024 NEWEST DETAILED QUESTIONS AND GUARANTEED ANSWERS ALREADY GRADED A+. Which of the following best describes a monetary policy tool? - ANSWER- interest rates Which of the following best describes a fiscal policy tool? - ANSWER- government spending The two main tools of macroeconomic policy include monetary policy, and fiscal policy, which involves __________ spending. - ANSWER- governement When nations desire a healthy macroeconomy, they typically focus on three goals, one of these being: - ANSWER- low inflation The basic difference between macroeconomics and microeconomics is: - ANSWER- microeconomics concentrates on the behaviour of individual consumers and firms while macroeconomics focuses on the performance of the entire economy. Which of the following is most likely a topic of discussion in macroeconomics? - ANSWER- a decreased in the unemployment rate Which of the following statements most likely lies within the realm of microeconomics? - ANSWER- An increase in labor costs will increase the additional cost of producing another bus. Macroeconomic topics do not usually include: - ANSWER- the profit maximizing decisions of an individual manufacturer