What is the difference between microeconomics and macroeconomics?
A) microeconomics deals with the economy with a country; macroeconomics deals with the global economy.
B) microeconomics deals with small firms; macroeconomics deals with large firms.
C) microeconomics deals with individual firms, consumers, etc; macroeconomics deals with the economy as a whole.
D) microeconomics deals with small countries; macroeconomics deals with large countries.
Correct Answer:
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Q10: Explain how the government can act to
Q11: Explain how the government can act to
Q12: The name of John Maynard Keynes' most
Q13: Say's law was developed
A) by John Maynard
Q14: According to Say's law, a lack of
Q16: Which of the following is a statement
Q17: Keynes divided spending into four great flows
Q18: Income received by households will be used
Q19: The 3 leakages from spending are
A) savings,
Q20: The Great Depression occurred
A) during the 1890s
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