Principles of Macroeconomics Study Set 5
Quiz 1: Measuring Macroeconomic Performance: Output and Prices
Microeconomics Includes the Study of
Microeconomics includes the study of A) inflation. B) unemployment. C) economic growth. D) the distribution of income. E) the national aggregate output.
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How the price mechanism allocates resources in particular markets is a topic in A) microeconomics. B) macroeconomics. C) welfare economics. D) entrepreneurial economics. E) positive economics.
The study of macroeconomics includes A) the choices made by individual consumers. B) the production decisions of firms. C) the causes of poverty. D) the determinants of the national unemployment rate. E) individual markets.
The focus of microeconomics is the study of A) national economies. B) trends in consumer purchases. C) the total value of national output. D) individuals and firms. E) the determinants of the unemployment ratE.
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