Which of the following would be studied in macroeconomics?
a. a drop in the price of personal computers
b. an individual household's decision on how to allocate its spending power
c. a rise in employment in movie theaters across the nation
d. total output in the nation
e. a local bank's increase in the interest rate offered on savings deposits
D
Economics
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Normal goods are those for which demand decreases as
A) the price of a complement falls. B) the price of a substitute falls. C) income decreases. D) the good's own price rises.
Economics
In analyzing the operation of a firm, an economist assumes the firm wants to
A) maximize total sales. B) maximize total revenue. C) maximize total production. D) maximize total profits.
Economics