Which of the following is a macroeconomic topic?
A) Why did production and jobs expand slowly in 2011?
B) General Motors decides what prices to set for their new models.
C) The federal government's decision to spend more on environmental protection
D) The effect of floods in agricultural areas on the price and quantity of wheat
E) The county government's decision to increase the sales tax for your county
A
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During the last four decades, defense expenditures have
a. accounted for approximately one-half of federal expenditures. b. accounted for less than 10 percent of federal expenditures. c. been increasing as a share of federal expenditures. d. been declining as a share of federal expenditures.
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A