Macroeconomics often relies on microeconomic analysis because
A) microeconomics is older than macroeconomics.
B) microeconomic theory can be tested and macroeconomic theory cannot.
C) the effects of macroeconomic subjects such as inflation and unemployment are independent of individual consumers and firms.
D) all aggregates are made up of individuals and firms.
Correct Answer:
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Q53: Macroeconomics is best defined by which of
Q54: One topic of study for a microeconomist
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
Q59: Economists typically assume people act as if
Q60: Another term for "aggregate" is
A)government.
B)partial.
C)public.
D)total.
Q61: Incentives are
A)inducement to take a particular action.
B)ineffective
Q62: The potential rewards available to an individual
Q63: When a particular choice is being considered,its
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