Which of the following is a microeconomics topic?
A) the study of how prices are determined in the computer industry
B) the study of unemployment in the economy
C) the study of how changes in the nation's money supply affect the nation's output
D) a and c
E) b and c
A
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Once ABC Corp sells shares of stock to the public, the stock's price tends to
a. fluctuate inversely with the profit prospects of ABC Corp. b. fluctuate inversely with the dividend payout of ABC Corp. c. fluctuate directly with the dividend payout of ABC Corp. d. fluctuate directly with the profit prospects of ABC Corp. e. remain constant
Simplifying assumptions always affect the conclusions derived from an economic model
a. True b. False
The Great Depression of the 1930s led to a revolution in macroeconomic thinking, following the work of
a. Arthur Laffer. b. Milton Friedman. c. Adam Smith. d. John Maynard Keynes. e. David Ricardo.
A market exists for the sale and purchase of
a. Computer services. b. Nuclear warheads. c. Illegal drugs. D. All of the above.