Why do economists look to microeconomics to explain macroeconomic events?
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Q1: Explain the difference between macroeconomics and microeconomics.
Q2: What is aggregate behavior?
Q3: Draw a graph of a business cycle.
Q4: The government releases GDP data on a
Q6: Microeconomists generally do not expect to see
Q7: Assume there are two managers that have
Q8: Define contraction (recession or slump).
Q9: Sticky prices and wages are often cited
Q10: How would the duration of unemployment be
Q11: Explain what is meant by deflation. Explain
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