Author Question: All of the following are aspects of macroeconomics EXCEPT A) the U.S. unemployment rate. B) the ... (Read 92 times)

pepyto · **on:** Jun 29, 2018

All of the following are aspects of macroeconomics EXCEPT

A) the U.S. unemployment rate.
B) the production decisions of a pharmaceutical firm.
C) the budget deficit of the United States.
D) foreign trade.

Question 2

Other things being equal, suppose that the demand for wheat in constant quality units increases. The increase in demand will cause

A) a surplus of wheat.
B) a higher equilibrium price and higher equilibrium quantity of wheat.
C) fall in the market clearing price of corn, a substitute for wheat.
D) a higher equilibrium quantity, but a lower equilibrium price of wheat.