In macroeconomics, we analyze
a. all of the following
b. the overall performance of the economy as a whole
c. arrangements through which specific products are exchanged
d. influences on the decision making of particular households
e. the factors that affect the decisions of individual firms
B
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Suppose the government of a large open economy reduces its spending, so that national saving increases. The result is
A) a decrease in the foreign country's net exports. B) an increase in the real interest rate. C) an increase in the foreign country's net exports. D) a decrease in investment.
According to Alfred Chandler (1977), big business could be justified, at least in part, by
(a) a rapid rate of innovation among big firms. (b) periodic recessions in which alert big businessmen buy out bankrupt firms and expand operations. (c) a relatively low rate of bankruptcies among big firms. (d) its ability to take advantage of scale economies—big business could best take advantage of technology and economies resulting from large-scale production processes.