Multiple Choice
Macroeconomics is the study of ________ while microeconomics studies ________.
A) an individual firm;the overall economic performance of a nation
B) the overall economic performance of the world;the economy of a single country
C) the overall economic activity and prices;an individual firm,household,or market
D) firm choices;market behavior
E) consumer choices;government behavior
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Real GDP measures _.<br>A)the total amount of
Q7: What explains the rise in income in
Q8: Economists apply the term "Great Inflation" to
Q9: Raising taxes and cutting spending are examples
Q10: The unemployment rate measures,at a point in
Q12: If a macroeconomist studying the causes of
Q13: An exogenous variable is typically _.<br>A)not considered
Q14: Policies to reduce the likelihood of financial
Q15: In a macroeconomic model designed to explain
Q16: An increase in government spending might be