Multiple Choice
Which of the following is generally considered to be a microeconomic question?
A) The relationship between the money supply and nominal GDP
B) The responsiveness of aggregate demand to change in government expenditure.
C) The relationship between productivity of workers and wages received by them
D) The relationship between inflation and unemployment
Correct Answer:
Verified
Correct Answer:
Verified
Q6: A farmer can produce 10,000 pears on
Q7: Microeconomics is also known as price theory
Q8: What would be the impact on the
Q9: Along a concave production possibility frontier,the per-unit
Q10: Positive economic analysis utilizes:<br>A)value judgments of highly
Q12: Which of the following is an assumption
Q13: Consider the production possibility frontier of an
Q14: Do you think that the behavior of
Q15: If a production possibility frontier is drawn
Q16: In judging the value of a theory,the