Domestic agricultural subsidies intended to support the nation's farmers would not be considered a trade barrier so would not be disputed internationally

Which of the following is a topic studied in macroeconomics?

A) how the wheat industry determines how much wheat to grow B) the effect on economic growth if the government raises taxes C) the impact of labor unions on wages D) the pricing decisions in the computer hardware industry E) the impact of higher prices for gasoline on the number of SUVs people buy

An "omitted variable" is

A) a variable that has no impact on other variables in an economic analysis. B) a variable which is purposely omitted from an economic analysis. C) a variable that affects other variables and its omission from economic analysis can lead to false conclusions about cause and effect. D) a variable which is inadvertently omitted from an economic analysis.