1

Macroeconomics is
a.

the study of market regulation.

b.

the study of economy-wide phenomena.

c.

the study of how households and firms make decisions and how they interact.

d.

the study of money and financial markets.

ANSWMULTIPLE

CHOICE

ER: b. the study of economy-wide phenomena.

TYPE: M SECTION: INT OBJECTIVE:
2

RANDOM: Y

Macroeconomics includes the study of topics such as:

a.

national output, the national unemployment rate, the rate of inflation, and the trade deficit.

b.

the price of Novell stock, the wage rate of steel workers, and antitrust laws.

c.

the expected effect of bad weather in Florida on the price of orange juice.

d.

how prices coordinate the decisions of millions of buyers and sellers in the market.

ANSWER: a.

national output, the national unemployment rate, the rate of inflation, and the trade

deficit.
TYPE: M SECTION: INT OBJECTIVE:

RANDOM: Y

~ANSWER:
b. the study of economy-wide phenomena.
TYPE: M SECTION: INT OBJECTIVE: RANDOM: Y
1

~ANSWER:
a. national output, the national unemployment rate, the rate of inflation, and the trade deficit.
TYPE: M SECTION: INT OBJECTIVE:

RANDOM: Y