Inflation can best be defined as

What does the fiscal multiplier measure?

If two commodities are substitutes, then

Higher interest rates are likely to

The “too big to fail” doctrine, which became widely discussed during the Great Recession, refers to:

Which of the following is NOT one of the primary functions of money?

Which of the following factors is most likely to lead to sustained economic growth? 

The elasticity of supply is calculated by

Nominal wages are sticky because:

Economics is concerned with the trade-offs that emerge because of scarcity. The term “trade-offs” refers to