Which of the following is a macroeconomic topic?

A) Why did production and jobs expand slowly in 2011?
B) General Motors decides what prices to set for their new models.
C) The federal government's decision to spend more on environmental protection
D) The effect of floods in agricultural areas on the price and quantity of wheat
E) The county government's decision to increase the sales tax for your county


A

Economics

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Use the figure below to answer the following question. A decrease in supply is depicted by a

A. movement from point x to point y. B. movement from point y to point x. C. shift from S2 to S1. D. shift from S1 to S2.

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________ inflation occurs when aggregate demand increases, while ________ occurs when aggregate supply decreases

a. Consumer-push; seller-pull b. Demand-pull; cost-push c. Cost-pull; seller-push d. Supply-pull; cost-push

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Which of the following is an example of Maslow's first level of needs?

a. food b. car c. school d. church

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Feudalism and mercantilism relied on markets to solve the three main coordination problems.

Answer the following statement true (T) or false (F)

Economics