Macroeconomics is the study of the small aspects of large entities.the overall price level and the levels of unemployment and output.the interaction of consumers and producers in markets for particular goods and services.anything large.individuals in an economy. Flag this Question
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the small aspects of large entities.the overall price level and the levels of
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- Macroeconomics deals with:a) the behaviour of firmsb) the activities of individual unitsc) economic aggregatesd) the behaviour of the electronics industryMacroeconomics is the study of a. the behavior of large firms in the marketplace b. the economic behavior of individual decision makers c. the behavior of the economy as a whole d. how to use the fewest natural resources to produce goods and servicesMacroeconomics an aggregate of what happens at the micro economic level would it be possible for what happens at a micro level to differ from how economic agents would react to some stimulus at a micro level
- Classify the following topics as related to micro or macroeconomics: A family's decision on how much to spend on food. The effect of government regulations on auto emissions. The impact of higher public savings on economic growth. A monopolists decision about how much unit to sell. The relationship between inflation rate and unemployment rate.1. Classify the following topics as relating to microeconomics or macroeconomics. a. A family’s decision about how much income to save b. The effect of government regulations on auto emissions c. The impact of higher national saving on economic growth d. A firm’s decision about how many workers to hire e. The relationship between the inflation rate and changes in the quantity of money 2. Classify each of the following statements as positive or normative. Explain. a. Society faces a short-run trade-off between inflation and unemployment. b. A reduction in the rate of money growth will reduce the rate of inflation. c. The Federal Reserve should reduce the rate of money growth. d. Society ought to require welfare recipients to look for jobs. e. Lower tax rates encourage more work and more savingEnterprises call for Government support due to lack of capital amid pandemic After the pandemic is gradually put under control in many provinces, local authorities and businesses are striving to get the economy back to normal. However, for businesses, to resume operation, capital for production is one of the most important issues besides the shortage of labourers. In the new context which requires rapid restoration of production, they are facing a lot of challenges ranging from the shortage of labourers, supply chain disruption, increases in input material prices and especially shrinking cash flows. To quickly put the economy back on track, the Party and Government has issued and supplemented many policies to support labourers and enterprises. Recently, banks are also being flexible to consider unsecured loans based on cash flow management and continue improving the lending process and procedures to shorten the loan approval time. Meanwhile, the central bank has signalled that it will…
- Classify the following topics as relating to microeconomics or macroeconomics. a family’s decision about how much income to save the effect of government regulations on auto emissions the impact of higher national saving on economic growth a firm’s decision about how many workers to hire the relationship between the inflation rate and changes in the quantity of moneyFollowing the end of WW2 (1945) , the US economy entered a golden age. The American economy boomed in the 50s. Throughout the decade, unemployment remained low at an average of 4.5%, soldiers who returned back from first WW2 and then the Korean War joined back to the civilian labor force, had families and the fertility rate increased. The 60s were still a great decade for the American Economy. During 60s, President J. F. Kennedy's government cut taxes to stimulate the economy (this is an example of an expansionary fiscal policy as you'll read in your textbook) and military spending increased due to the Vietnam War. Real GDP in the US grew at an average of 5% throughout this decade. This golden age of prosperity came to an end in early 70s. In 1973, Israel went to war against a coalition of Arab countries in the Middle East. During the Yom Kippur war, US and some other western countries in Europe declared their support for Israel. In retaliation, oil producing Arab countries in the…Which of the following is a macroeconomic issue? The price of butterThe number of new cars producedThe growth rate of total outputThe price of products sold in the steel industryThe price of cell phone service Question 8.8.When economists make the assumption that wants are unlimited, they mean that most people want more of everything.are satisfied with what they have.want more of some goods, even if they don’t want more of everything.don’t care what they have.are greedy. Question 9.9.What will cause a change along the supply curve? The supplier’s expectationsThe supplier’s costsThe price of the goodThe price of all other good? Question 10.10.Ceteris paribus, as applied in demand theory, means accounting for all possible simultaneous changes.holding constant all factors that affect demand except one.observing the real world.holding technology and resource prices constant.holding one input constant while changing the other input.
- Classify the following topics as relating to microeconomics or macroeconomics. a family’s decision about how much income to save the effect of government regulations on auto emissions the impact of higher national saving on economic growth a firm’s decision about how many workers to hire e. the relationship between the inflation rate and changes in the quantity of money.Macroeconomics is an aggregate of what happens at the microeconomic level. Would it be possible for what happens at the macro level to differ from how economic agents would react to some stimulus at the micro level? Hint: Think about the behavior of crowds.Macroeconomics is the branch of economics that deals with:(A) the prices of individual goods (B) important rather than trivial issues (C) how individual markets work (D) the economy as a whole
