Milestone 1 Macroeconomic.docx - You passed this Milestone...

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You passed this Milestone18 questions were answered correctly.1 question was answered incorrectly. 1Which definition below corresponds to economic indicators? The movement of money in and out of a country or other entityData that indicates past, present and future activityThe movement of the market through periods of expansion and recession, peaks and troughsExchange transactions that occur across nations CONCEPTWhy Study Macroeconomics?2The consumer will bear more of the burden of a tax if demand is which of the following? 3Which one of the following is NOT an automatic stabilizer? CONCEPTRole of the Government/Government Spending/Transfer Payments 4Which of the following will lead to a surplus if implemented? CONCEPT Surplus and Constraints 5
Which statement below is false regarding the circular flow diagram?

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