Multiple Choice
Macroeconomics and microeconomics are complementary in that
A) macroeconomics explores the context within which microeconomic decisions are made
B) microeconomics takes a broader look at the issues upon which macroeconomics is more narrowly focused
C) microeconomics seeks to understand the economy as it is, while macroeconomics seeks to determine how the economy ought to be designed
D) microeconomics examines market-based economies, whereas macroeconomics examines command economies
E) macroeconomics studies private behavior, while microeconomics studies public behavior
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A general definition of economics is the
Q3: Macroeconomics differs from microeconomics in that<br>A) microeconomics
Q4: Which of the following is an historically
Q5: The fundamental problem of economics is<br>A) that
Q6: Which of the following is not a
Q7: Which of the following is not a
Q8: Which of the following is not a
Q9: Modern market economies allocate resources primarily through<br>A)
Q10: Which of the following is probably the
Q12: From 1965 to 1990,US economic output,adjusted for