Multiple Choice
Macroeconomics is primarily concerned with aggregates. Which of the following is not a macroeconomic aggregate?
A) Decision making by a household
B) The unemployment rate, and inflation levels
C) National income
D) The supply of money
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Who defined economics as: a science which
Q2: _ introduced the concept of welfare in
Q4: If the value of a variable varies
Q5: Economic efficiency for the entire economy requires
Q6: Personal Income includes:<br>A)Dividend distributed<br>B)Social insurance contributions<br>C)Corporate profit<br>D)None
Q7: Decisions made in households, firms, and government
Q8: GDP Deflator is also called as:<br>A)Implicit Cost
Q9: Disposable Income does not include:<br>A)Excise duty paid<br>B)Income
Q10: Scientific attempts to describe economic relationships are
Q11: Theories are:<br>A)Much more complicated than common sense<br>B)Scientific