Which of the following are primarily macroeconomic topics and which are primarily microeconomic topics?
a. college tuition rates
b. farm subsidies
c. national income
d. automobile prices
e. air traffic congestion
f. economic recession
c and f are primarily macroeconomic topics.
a, b, d, and e are primarily microeconomic topics.
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When there is an increase in the wages the banking industry offers accountants, what happens to the supply of accountants available to other industries?
A) The supply to other industries increases. B) The supply to other industries falls. C) The supply curve for other industries shifts to the right. D) no change
Which of the following is not a consequence of the Fed changing the required reserve ratio?
A) Changes in the ratio are easily incorporated into banks' routine management. B) Decreasing the ratio will increase excess reserves. C) Increasing the ratio will decrease the amount of reserves banks have to loan. D) Changes in the ratio effectively places a tax on banks' deposit taking and lending activities.