Which of the following would be a topic considered in the field of macroeconomics?
a. Studying the amazing recent growth of the Chinese economy.
b. Studying the movement of US manufacturing firms to China.
c. Studying the differences in wages between menand women in the United States.
d. Studying the effect of rent controls on the housing market in New York City.
e. Studying the impact of environmental regulations on the well-being of human populations.
A
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A depreciating domestic currency is often perceived to be a sign of a(n):
A) economic expansion. B) strong government. C) weak government. D) global slowdown.
The graph illustrates the supply of sweaters. Which of the following events will increase the supply of sweaters?
A) a rise in the price of a sweater B) a rise in the wage rate paid to the workers who make sweaters C) a rise in the expected future price of a sweater D) an increase in the number of sellers of sweaters E) an increase in income if sweaters are a normal good