. Macroeconomics includes the study of a. individual markets. b. the behavior of
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Question
. Macroeconomics includes the study of a. individual markets. b. the behavior of the firm. c. the behavior of the consumer. d. e. changes in national income. changes in commodity prices. REF: How Is Macroeconomics Different from Microeconomics? 2. Which of the following is a topic of microeconomics? a. the level of national income b. the level of employment in the country c. the prices of all goods in the country d. the profit of firms in the banking industry e. the level of national output REF: How Is Macroeconomies Different from Microeconomics? 3. Which of the following is a topic of macroeconomics? a. the income earned by a person b. the profit earned by a firm c. production in the computer industry d. the price of ice cream e. the number of unemployed people in the economy REF: How Is Macroeconomies Different from Microeconomies? 4. The difference between microeconomics and macroeconomics is a matter of a. scale. d. politics. e. cost b. time. c. demographics. REF: How Is Macroeconomies Different from Microeconomics? Microeconomics includes the study of a. the unemployment rate. b. the overall level of prices in an economy c. changes in the price of commercial real estate. d. expansions and contractions of the economy e. measures of the standard of living. 5. Economists measure the total output of an economy in order to a. estimate the economy's consumption of resources b. measure the overall level of prices. 6. know how to adjust gross domestic product (GDP) for in prevent the appearance of business cycles. gauge the economy's overall health. flatio n. c. d. e. REF: What Does GDP Tell Us about the Economy?Explanation / Answer
1. D.changes in national income.
Rest all are topics under the microeconomics.
2.the profit of firms in the banking industry.
Rest all are topics under macro economics.
3.e. the number of unemployed people in the country.
Rest all are the topics under microeconomics.
4.a. scale.
Macro economics studies the same things on larger scale, that micro economics studies in smaller scale.
5.e.measures of the standard of living.
6.c know how to adjust gross domestic product for inflation.
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