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Author Question: ________ is the study of how individuals, households, governments, and firms make choices and how ... (Read 30 times)

dollx

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on: Jun 30, 2018
________ is the study of how individuals, households, governments, and firms make choices and how those choices affect prices, the allocation of resources, and the well-being of other agents.
 
  A) Macroeconomics B) Monetary economics
  C) Microeconomics D) Growth theory

Question 2

When a change in the price level causes a change in the purchasing power of currency, which then changes planned real expenditures at all income levels, it is called
 
  A) the real-balance effect. B) the open-economy effect.
  C) the substitution effect. D) the interest rate effect.


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Ksh22

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


dollx

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Liddy

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Reply 3 on: Yesterday
Excellent

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