A macroeconomist would study
A) the price changes at K-Mart.
B) the cost problems at several airlines.
C) the economy's unemployment level.
D) none of the above.
C
You might also like to view...
The Bureau of Economic Analysis estimates the size of the underground economy but many economists believe that the estimates are too low
a. True b. False
Why is it true that domestic product and national income must be equal?
a. The IRS national accounting system assures that taxes equal total income. b. The total amount of spending must equal total national sales. c. The value of final product must equal the sum of resource income that produced it. d. The total amount of income earned is eventually spent.
The U.S. rate of productivity growth in the 1970s and 1980s was _____ the rate of productivity growth in the 1960s.
A. twice B. one and a half times C. equal to D. one third
A decrease in the equilibrium quantity for a product will result
A) when the quantity demanded for the product exceeds the quantity supplied. B) when there is a decrease in supply and a decrease in demand for the product. C) when there is an increase in supply and a decrease in demand for the product. D) when there is a decrease in demand and an increase in the number of firms producing the product.