Author Question: In the 1990s, the unemployment rates in the U.S. were higher than that in the European nations. a. ... (Read 72 times)

rl · **on:** Jun 30, 2018

In the 1990s, the unemployment rates in the U.S. were higher than that in the European nations.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The basic difference between macroeconomics and microeconomics is:
a. microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade.
b. microeconomics concentrates on the behavior of individual consumers while macroeconomics focuses on the behavior of firms.
c. microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.
d. microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment.