Microeconomics is best described as the study of
A. how markets interact in the aggregate economy.
B. marginal changes in the economy.
C. the choices made by individual households, firms, and governments.
D. inflation, unemployment, gross national product, and the nation's economy as a whole.
Answer: C
You might also like to view...
Figure 10-8
?
Figure 10-8 describes which of the following periods in the United States?
A. 1930s B. 1973–1975 C. late 1990s D. 2007–2009
Short-run macroeconomic equilibrium occurs when the quantity of real GDP demanded ________
A) equals potential GDP B) equals full-employment GDP C) does not equal full-employment GDP D) equals the quantity of real GDP supplied
The Phillips curve represents a direct relationship between the inflation rate and the unemployment rate
a. True b. False Indicate whether the statement is true or false
Capital structure refers to
A) the ratio of equity to debt. B) the ratio of common stock to preferred stock. C) the ratio of debt to equity. D) the ratio of cash to current liabilities