
Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409
Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
Edition 2ISBN: 978-0077416409 Exercise 19
Indicate whether each of the following statements applies to microeconomics or macroeconomics:
a. The unemployment rate in the United States was 9.0% in April 2011.
b. A U.S. software firm discharged 15 workers last month and transferred the work to India.
c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.
d. U.S. output, adjusted for inflation, grew by 2.9% in 2010.
e. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.
f. The consumer price index rose by 1.6% in 2010.
a. The unemployment rate in the United States was 9.0% in April 2011.
b. A U.S. software firm discharged 15 workers last month and transferred the work to India.
c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.
d. U.S. output, adjusted for inflation, grew by 2.9% in 2010.
e. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.
f. The consumer price index rose by 1.6% in 2010.
Explanation
a.
The unemployment rate in the country ...
Macroeconomics 2nd Edition by Campbell McConnell ,Stanley Brue,Sean Flynn
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