The branch of economics that studies the economy as a whole is:
a. normative economics.
b. positive economics
c. microeconomics.
d. macroeconomics.
d
Economics
You might also like to view...
Actual unemployment can exceed the natural rate of unemployment due to
A) cyclical unemployment. B) structural unemployment. C) frictional unemployment. D) all of the above.
Economics
The velocity of money is:
a. money supply divided by prices. b. spending divided by output. c. required monetary reserves divided by income. d. GDP divided by the money supply.
Economics
A monopolistic competitor earns a profit of $1,800 by selling 900 units of output at a price of $15 per unit. This implies its average cost of production is _____
a. $25 b. $15 c. $13 d. $2
Economics
What is the difference between a monopoly's marginal revenue curve and a perfect competitor's marginal revenue curve?
What will be an ideal response?
Economics