One topic of study for a microeconomist would be
A) the effects of an increase in the price of gasoline on sales of gasoline
B) the effects of an increase in government spending on unemployment levels
C) the causes of aggregate unemployment
D) the causes of inflation
Correct Answer:
Verified
Q49: If people make their choices rationally,then
A)the behaviour
Q50: Economists assume people behave rationally.Rationality means that
Q51: In economics,the idea that individuals respond predictably
Q52: In his book "An Inquiry into the
Q53: Macroeconomics is best defined by which of
Q55: A decision made by a rational individual
A)never
Q56: In building economic models,economists assume people behave
A)instinctively.
B)rationally.
C)irrationally.
D)greedily.
Q57: A macroeconomist would be most likely to
Q58: Macroeconomics often relies on microeconomic analysis because
A)microeconomics
Q59: Economists typically assume people act as if
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents