The price of milk would be of particular interest to
A. a microeconomist.
B. a macroeconomist.
C. neither a microeconomist nor a macroeconomist.
D. both a microeconomist and a macroeconomist.
Answer: A
You might also like to view...
Refer to the figure above. The labor market is currently at point E. Which of the following is likely to happen if a recession hits the economy assuming that wages are flexible?
A) The labor market equilibrium will move from E to H. B) The labor market equilibrium will move from E to D. C) The labor market equilibrium will move from E to F. D) The labor market equilibrium will move from E to G.
If any country decides to exit from the Eurozone, it will gain ________
A) free capital mobility B) a fixed exchange rate C) reduced transactions costs D) monetary policy independence
One of your peers wants to analyze whether or not participating in varsity sports lowers or increases the GPA of students
She decides to collect data from 110 male and female students on their GPA and the number of hours they spend participating in varsity sports. The coefficient in the simple regression function turns out to be significantly negative, using the t-statistic and carrying out the appropriate hypothesis test. Upon reflection, she is concerned that she did not ask the students in her sample whether or not they were female or male. You point out to her that you are more concerned about the effect of omitted variables in her regression, such as the incoming SAT score of the students, and whether or not they are in a major from a high/low grading department. Elaborate on your argument. What will be an ideal response?
If an economy operates at a short-run equilibrium output that exceeds its long-run capacity, which of the following will be most likely to direct the economy toward full employment?
a. Improvements in technology will shift the LRAS curve to the right. b. Resource prices will increase, causing the SRAS curve to shift to the left. c. The unemployment rate will increase, causing the economy's aggregate supply curve to shift to the right. d. Interest rates will decline, shifting the aggregate demand curve to the right.