Which of the following would be a part of macroeconomics?
A) the change in automobile sales due to a change in the price of automobiles.
B) a tax reduction impact on the profits of a business.
C) inflation.
D) the unemployment of workers displaced by technological change in the typesetting industry.
Ans: C) inflation.
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A tennis pro charges $15 per hour for tennis lessons for children and $30 per hour for tennis lessons for adults. The tennis pro is practicing
A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) fourth-degree price discrimination. E) fifth-degree price discrimination.
The conduct of monetary policy is the responsibility of:
a. commercial banks. b. the U.S. Treasury. c. the Federal Reserve System. d. the Congress and the president.