Macroeconomics is the study of
A) aggregate economic variables.
B) output in particular industries.
C) prices in particular industries.
D) all of the above.
Answer: A
Economics
You might also like to view...
Based on the above scenario, is the industry in the long run equilibrium?
a. yes, because all firms are producing at P=MR=MC b. no, because the price is still greater than the minimum average total cost. c. cannot answer because need information on MR d. cannot answer unless we see that the market lets some firms enter and/or some firms exit.
Economics
When disposable income is 2000, how much is consumption?
Economics