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Author Question: Which of the following BEST describes macroeconomics? A) It is not a social science because its ... (Read 54 times)

eruditmonkey@yahoo.com

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Which of the following BEST describes macroeconomics?
 
  A) It is not a social science because its predictions cannot be tested.
  B) It analyzes the aggregate effects on the national economy of the choices made by individuals, firms, and governments.
  C) It examines how the choices that individuals affect governments.
  D) It studies the choices that individuals and businesses make when coping with scarcity.
  E) Proving causation is never a problem for macroeconomics.

Question 2

If ________, total efficiency units of labor will increase.
 
  A) firms hire more workers
  B) the number of retired people in an economy increases
  C) the capital stock of an economy decreases
  D) the rate of unemployment increases


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janieazgirl

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eruditmonkey@yahoo.com

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


Viet Thy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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