Multiple Choice
Thinking like a macroeconomist means focusing on the connections between
A) input markets and output markets.
B) competition and cooperation.
C) marginal benefits and marginal costs.
D) additional benefits and additional opportunity costs.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: Microeconomics is about the combined outcome of
Q19: The hands-on camp generally believes that<br>A) government
Q20: When the total value of products and
Q21: The fallacy of composition suggests<br>A) all for
Q22: Government failure can make business cycles worse.
Q24: When there is inflation,<br>A) average prices fall.<br>B)
Q25: Government fiscal policy involves changes in interest
Q26: A rise in the value of the
Q27: The largest group of macroeconomic players that
Q28: The hands-on camp generally believes that<br>A) government