Which of the following is considered a microeconomic issue?
A. France's growth rate in the last year.
B. The unemployment rate in the US from 1980-2014.
C. Apple releases a new version of the iPhone.
D. All of these are examples of microeconomic issues.
Answer: C
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The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050); personal consumption expenditures ($4,800); imports ($370); exports ($240); gross private domestic investment ($1,130). Personal consumption expenditures are approximately what percentage of this economy?
A. 60 percent B. 65 percent C. 70 percent D. 75 percent
If banks do not have enough reserves to satisfy the reserve requirement, they can
A. Lend additional reserves in the federal funds market. B. Buy securities. C. Sell securities. D. Pay off discount loans at the Federal Reserve bank.