Macroeconomists study which of the following?
A) the impact of a change in consumer income on the sales of corn
B) the most efficient means for General Motors to produce an automobile
C) the impact of a snowstorm on the sales of snow shovels
D) the effect of a change in income taxes on the nation's rate of unemployment
Correct Answer:
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Q42: Macroeconomists study the behaviour of
A)individual business firms.
B)industries.
C)consumers.
D)the
Q43: Macroeconomics is concerned with
A)the effects on a
Q44: Macroeconomics studies economics from the standpoint of
A)a
Q45: People behave rationally when they _.
Q46: Macroeconomists study
A)changes in unemployment levels.
B)changes in the
Q48: Economists typically assume people act as if
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
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