Author Question: Business cycles are linked to the interaction between: a. the foreign exchange rate and the balance ... (Read 45 times)

natalie2426 · **on:** Jun 30, 2018

Business cycles are linked to the interaction between:
a. the foreign exchange rate and the balance of payments account.
b. the aggregate demand and aggregate supply curves.
c. the demand and supply curves for a particular good.
d. the substitution and the wealth effect.
e. the long-run aggregate supply curve and the aggregate resource curve.

Question 2

The branch of economics that focuses on the conduct of affairs within narrowly defined units, such as households or business firms, is called:
a. macroeconomics.
b. microeconomics.
c. socioeconomics.
d. applied economics.