Which of the following would be a macroeconomic question?
A) How has the price of gold increased over time?
B) How has the number of commercial airline flights decreased over time?
C) How have the retirement benefits in the auto industry changed over time?
D) How has inflation increased over time?
Question 2
When prices do not change very much, the income-expenditure model can be used to understand economic fluctuation in the
A) long run. B) fiscal year.
C) short run. D) federal budget allocation.