Macroeconomics deals with: a) the behaviour of firms b) the activities of individual units c) economic aggregates d) the behaviour of the electronics industry
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a) the behaviour of firms
b) the activities of individual units
c) economic aggregates
d) the behaviour of the electronics industry
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Solved in 4 steps
- Answer with graph and analysis MacroeconomicsMacroeconomics 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 wholeexplain the difference between macroeconomics and microeconomics.
- 1-3,MacroeconomicsWhich of the following topics would NOT be covered in macroeconomics? Ochanges in national unemployment rate recent trends in the economic growth of the global economy the way a firm maximizes profits O the effect of interest rates on the demand for investment goodsWhat is the importance of studying macroeconomics in our daily lives? (80 words minimum)
- 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 unemploymentQuestion 15: The distinction between microeconomics and macroeconomics involves whether the focus of study involves small, well-defined groups and individual consumer, firms and sectors or large groups and broad economic aggregates. A True B FalseWhich 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.
- Which of the following is an example of a topic studied in macroeconomics? The costs of production in a firm How consumers react to higher gasoline prices The growth in total output of an economyWhat are the four main elements of macroeconomicsWhich of the following statements about Macroeconomics is true: Both of the given options Studies that deals Studies that deals with human behaviour and choices relating to highly aggregated units None of the given options Studies that deals with human behaviour and choices relating to relatively small units
