73. Both a pre-requisite and a co-requisite to long-term economic growth is: (a) contraction of the money supply; (b) rising expectations for business earnings; (c) a marginal propensity to consume close to zero; (d) a balanced federal budget.

74. Perhaps the most fundamental relationship in all of economics is which of the following? (a) spin rates and curve balls; (b) human capital accumulation and the performance of the VIX index; (c) real disposable income and personal consumption expenditures; (d) money supply growth and in-flow of immigrants.

75. When increases in the money supply are said to have no lasting impact upon the level and composition of output, we say that money is: (a) neutral; (b) inflationary; (c) green; (d) transitory.

76. According to Keynes's "liquidity preference theory," interest is: (a) the ability to stay awake in your economics class; (b) a reward for saving; (c) a reward for surrendering liquidity temporarily; (d) a moral source of income to lenders.

Problems: Exploring Economics Deadline: 100% until Monday, March 9 at 11:00 PM Problem 1) is(are) concerned with how labor markets determine salaries. a) Microeconomics b) Macroeconomics O c) Both macroeconomics and microeconomics O d) Economics e) Neither macroeconomics nor microeconomics Submit10 poin The basic difference between macroeconomics and microeconomics is that: macroeconomics is concerned with generalization while microeconomics is concerned with specialization. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries