Macroeconomics is best suited to answering questions such as
a. what determines the unemployment rate among students on this campus
b. why rent is higher in big cities than in smaller ones
c. how fast the overall price level will rise next year
d. what determines the demand for public transportation in rural areas
e. why sales taxes in this area are increasing
C
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The real exchange rate is the
A) relative price of U.S. produced output relative to foreign-produced output. B) price of foreign goods relative to the price of domestic goods. C) trade-weighted index. D) current account balance.
The table above shows Tom's total utility from milkshakes and sodas. A milkshake costs $2.00. What is the marginal utility per dollar spent when the eighth milkshake is purchased?
A) 32 units per dollar B) 20 units per dollar C) 16 units per dollar D) 10 units per dollar