Macroeconomics would be concerned with
A) implications of changes in unemployment and inflation.
B) the effects on individual consumers of changes in the price of gasoline for a business.
C) the effects of a tax on beer.
D) the effects of wage increases on steel manufacturers.
Correct Answer:
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Q36: Economics
A) is a social science.
B) is concerned
Q37: Resources are
A) unlimited.
B) able to be replicated
Q38: The primary purpose of economics is to
Q39: Microeconomics is the study of
A) the behavior
Q40: Macroeconomics is best defined by which of
Q42: A macroeconomist would most likely study
A) the
Q43: The impact of higher taxes would be
Q44: Microeconomics is concerned with studying which of
Q45: Macroeconomics often relies on microeconomic analysis because
A)
Q46: Macroeconomics is concerned with
A) individual business firms.
B)
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