Which of the following is a topic of macroeconomics? a) the distribution of a person's income between spending and saving b) the number of accountants who are unemployed Oc) the market price of corn O d) the overall price level in the economy O e) production in the automobile industry
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- Which of the following is NOT a macroeconomic topic?A. National GDP trendsB. The increase in consumer demand for smartphones in the last five yearsC. The effect of an increasing unemployment rate in South AfricaD. Global oil prices in 2023Classify 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 moneyWhich of the following is NOT a macroeconomics statement? A) The price of wheat declined last year. B) The general price level increased by 4 percent last year. C) Unemployment was 9.8 percent of the labor force last year. D) The real domestic output increased by 2.5 percent last year.
- 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.Which of the following areas of study typifies microeconomics as opposed to macro-economics? a. The impact of minimum-wage laws on employment in the fast food industry b. The effect of changes in household saving rates on the growth rate of national income c. The effect of an increasing inflation rate on national living standards d. The effect of an increase in the minimum wage on an economy’s overall rate of unemploymentWhich of the following is not related to Macroeconomics? a. Determining individual consumer decisions b. Preventing the economy from experiencing inflation c. Preventing the economy from experiencing unemployment d. Keeping living standards high for people to live decent, meaningful lives
- 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 as microeconomics or macroeconomics and provide a justification for your choice.(a) Research into why the growth rate of total production increased.(b) A theory of how consumers decide what to buy.(c) An analysis of IBM's share of the personal computer market.(d) Research on why interest rates in a country were unusually high.One of the following scopes under the definition of macroeconomics is NOT TRUE A) Macroeconomic is a study about the behavior of the economy and analyses how the economy performs. B) Macroeconomic studies about how a consumer reacts to the fluctuation of price in his consumption. C) Macroeconomic analyses the indicator in line with the long-term economic objectives of the society or economy. D) Macroeconomic focuses on aggregate changes in the economy such as unemployment, the growth rate of the national output, inflation, and trade balance.
- Classify the following as microeconomics or macroeconomics and provide a justification for your choice. The effect of government regulations on car emissions. The impact of an increase in the price of computer chips on the market for personal computers. The relationship between education and economic growth. The impact of a decrease in national saving on a country's economic growth.This is macroeconomics theorySolve this macroeconomics