Macroeconomic topics include
A) total, nationwide employment.
B) studying what factors influence the price and quantity of automobiles.
C) studying the determination of wages and production costs in the software industry.
D) the impact of government regulation of markets.
A
You might also like to view...
Which of the following would be most likely to cause an increase in the demand for gold?
A) A decrease in the price of gold B) The expectation of a future decrease in the price of gold C) An increase in the price of gold D) The expectation of a future increase in the price of gold E) An increase in the supply of gold
When an economy becomes attractive to global investors, sparking a capital inflow, one result is often a decrease in net exports. Why?
What will be an ideal response?
Suppose we advertise up to the point where the last dollar spent on advertising generates an additional dollar of sales revenue (i.e, the marginal revenue of advertising equals one)
If the full marginal cost of advertising is greater than one, then we will generate: A) less output than the profit maximizing level. B) more output than the profit maximizing level. C) the profit maximizing level of output. D) We don't have enough information to answer this question.
(Advanced analysis) Answer the question on the basis of the following information. The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. Refer to the given information. If demand changed from P =
100 - 2Q to P = 130 - Q, the new equilibrium quantity is: A. 15. B. 20. C. 24. D. 32.