Which of the following components are involved in microeconomics?
a. aggregate economy; firms; agricultural subsidies
b. aggregate economy; households; inflation
c. smaller economic units; households; income distribution
d. smaller economic units; firms; business cycles
c. smaller economic units; households; income distribution
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A bureau's total output is decided at the same time as its budget just as in the private sector
a. True b. False
If interest rates in Canada fall below those in the rest of the world, then
a. it depreciates Canada's exchange rate and this may result in a surplus on Canada's current account b. the demand for Canadian dollars increases c. exports from Canada to other countries decrease d. imports into Canada from other countries increase e. the balance of payments becomes negative