Macroeconomics deals with the analysis of all of the following questions except
a. Why do national economies grow?
b. What determines a nation's saving and investment?
c. How does a central bank influence inflation?
d. Why does a country experience recessions?
e. How does Microsoft price its software packages?
E
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Next period's capital is equal to current-period investment
A) plus the amount of current capital left over after depreciation. B) minus the amount of current capital left over after depreciation. C) plus the amount of current period depreciation. D) minus the amount of current period depreciation.
The law of diminishing marginal utility states that: a. total utility decreases as consumption of a good increases
b. total utility increases as consumption of a good increases. c. the increase in total utility from consuming an additional unit decreases as consumption increases. d. the increase in total utility from consuming an additional unit increases as consumption increases.