Macroeconomics is concerned with studying the
A) behavior of individual decision makers.
B) performance of the economy as a whole.
C) prices of specific companies' stocks.
D) wants of individual consumers.
Answer: B
You might also like to view...
An increase in the price level
A) shifts the short-run aggregate supply curve up and to the left. B) shifts the short-run aggregate supply curve down and to the right. C) shifts the long-run aggregate supply curve to the left. D) results in a movement along the short-run aggregate supply curve, rather than a shift in the short-run aggregate supply curve.
Participation in Part B of Medicare is
a. applicable to supplemental hospital payments. b. applicable to nursing home stays c. voluntary. d. involuntary. e. none of the above.
The portion of the GDP that takes the form of consumer goods and services is approximately
a. one-fourth. b. one-third. c. one-half. d. seven-tenths.
A manager can determine if her product is viewed as a normal good or an inferior good by considering
A) price elasticity. B) cross elasticity. C) income elasticity. D) advertising elasticity.