Which of the following is not a question that macroeconomists address?
a. Why is average income high in some countries while it is low in others?
b. Why does the price of oil rise when war erupts in the Middle East?
c. Why do production and employment expand in some years and contract in others?
d. Why do prices rise rapidly in some periods of time while they are more stable in other periods?
b
You might also like to view...
Another name for diversifiable risk is
A) systematic risk. B) nonsystematic risk. C) nominal risk. D) portfolio risk. E) meta-portfolio risk.
Explain why baseball ticket prices may increase when a team pays a new player a large salary, but will remain unchanged when a current player gets a salary increase
What will be an ideal response?
Refer to the budget line shown in the diagram. The absolute value of the slope of the budget line is:
A. MU C /MU D .
B. one-half.
C. P D /P C .
D. P C /P D
Which of the following would be a significant cause of income inequality in the United States?
A. Housing B. Discrimination C. In-kind transfers D. Social Security