Which of the following areas of study typifies microeconomics as opposed to macroeconomics?
a. the impact of minimum-wage laws on employment in the fast food industry
b. the effect of changes in household saving rates on the growth rate of national income
c. the impact of faster money growth on the rate of inflation
d. a comparison of alternative tax policies and their respective impacts on the rate of the nation's economic growth
a
You might also like to view...
Refer to Figure 8.1. The ideal outcome for the players would be for Charla to play ________ and for Mirna to play ________
A) Install; Install B) Install; Don't Install C) Don't Install; Install D) Don't Install; Don't Install
Exhibit 6A-5 Consumer Equilibrium
?
Given the budget lines and indifference curves shown in Exhibit 6A-5, if the budget line shifts from AB to AC, then the equilibrium points X and Y:
A. result from a decrease in the price of good X. B. are two points along a downward sloping demand curve for good X. C. result from a decrease in the consumer's budget. D. result from a decrease in the price of good Y.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point B. The opportunity cost of moving from Point B to Point A is the
A. 120 LCD TVs that must be forgone to produce 20 additional OLED TVs. B. 30 LCD TVs that must be forgone to produce 40 additional OLED TVs. C. 20 OLED TVs that must be forgone to produce 30 additional LCD TVs. D. 40 OLED TVs that must be forgone to produce 120 additional LCD TVs.
According to monetarists, a fiscal deficit will be associated with an increase in real output:
A. regardless of the character of accompanying changes in M or V. B. only if it is accompanied by an increase in the demand for money. C. only if it is accompanied by an increase in the supply of money. D. only if it is financed by selling government bonds to the public.