Author Question: A friend wants to learn how the unemployment rate is calculated and how inflation is measured. He ... (Read 42 times)

washai · **on:** Jun 29, 2018

A friend wants to learn how the unemployment rate is calculated and how inflation is measured. He asks you which economics course to take and you advise him to enroll in

A) macroeconomics.
B) microeconomics.
C) either micro- or macroeconomics. They both concentrate equally on those issues.
D) financial accounting because economics doesn't address those topics in its courses.

Question 2

In a price system, changes in prices

A) make it difficult for the system to function well.
B) imply that people have made mistakes in the past.
C) signal to everyone in the system what goods are relatively more or less scarce.
D) signal to policy makers what goods should and should not be taxed more.