Multiple Choice
Macroeconomics is based on microeconomics for all of the following reasons except:
A) when we study the economy as a whole, we must consider the decisions of individual economic actors.
B) aggregate variables are simply the sum of variables describing many individual decisions.
C) macroeconomic decision makers, when they make their choices, are required to maximize utility functions.
D) to understand the determinants of aggregate investment, we must think about a firm's deciding whether to build a new factory.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: A graph of the U.S. unemployment rate
Q53: Macroeconomic models:<br>A) assume all wages and prices
Q54: Macroeconomics is:<br>A) based on microeconomic foundations.<br>B) completely
Q55: A period of falling prices is called:<br>A)
Q56: Macroeconomics is the study of the:<br>A) activities
Q58: The assumption of flexible prices is a
Q59: Which of the following is the best
Q60: The total income of everyone in the
Q61: Which statement below best illustrates the "art,"
Q62: A graph of the rate of inflation