What is the goal of macroeconomics?
A) to explain how economic changes affect prices of particular goods
B) to devise policies to deal with market failures, such as externalities and monopoly
C) to explain changes that affect households and firms in general
D) to explain how income taxes influence labour supply
Correct Answer:
Verified
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Q12: Why is GDP computed using market prices
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Q14: Which of the following is the correct
Q16: Which of the following topics are studied
Q17: In an economy consisting of only households
Q18: If GDP rises, what happens?
A) Income and
Q18: If Robert works as a lawyer, how
Q19: According to the simple circular-flow model, which
Q20: What do macroeconomists study?
A)decisions of households and
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