Solved

Which of the Following Is Not a Macroeconomic Statement

Question 16

Multiple Choice

Which of the following is not a macroeconomic statement?


A) The unemployment rate for the United States rose to 5 percent in the last quarter.
B) The Federal Reserve lowered interest rates at its last meeting.
C) Congress increased the minimum wage rate in January.
D) Jenny's wage rate rose,and in response,she decided to work more hours.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" An increase in

Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" At which point

Q13: If an economy experiences constant opportunity costs

Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Using Figure 1.6,if

Q15: Table 1.1 shows the hypothetical trade-off

Q17: The "guns versus butter" dilemma that all

Q18: The doctrine of laissez faire is based

Q19: Capital,as economists use the term,refers to<br>A)The cash

Q20: Scarcity results when available resources cannot satisfy

Q21: When the invisible hand does not produce