Which of the following questions is addressed primarily by macroeconomics?
a. The allocation of scarce satellite orbit slots
b. Decisions made by a manufacturer of a particular good.
c. Policies to control the inflation rate.
d. A consumer's decision to buy more clothing and less food.
c
Economics
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If aggregate hours are 100 billion hours and labor productivity is $40 an hour, than real GDP equals
A) $100 billion. B) $40 billion. C) $100 trillion. D) $2.5 trillion. E) $4 trillion.
Economics
Consider the demand curves for soft drinks shown in the figure above. A movement from point a to point b represents
A) a decrease in quantity demanded. B) an increase in demand. C) an increase in quantity demanded. D) a decrease in demand.
Economics