Author Question: ________ is the study of how individuals, households, governments, and firms make choices and how ... (Read 65 times)

dollx · **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.