which of the following statements pertains to macroeconomics?nys ymca swimming championships 2022

C. Microeconomics does not involve the analysis of economic policy. Edit. a month ago. D. a sustained increase in the general price level. Which of the following statements is . (c) population increases. A decline in the price of soybeans caused farmer Wanek to plant more land in wheat. (b) positive economics (d) macroeconomics 9. Growth results in large company size, and large size satisfies managers' needs for power, status, income, and job security. Log in for more information. Inflation refers to: A. a sudden and self-contained increase in prices. Question #94287. which one of the following statement is correct regarding the Keynesian model with the government sector and the foreign sector. Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force. Select the three macroeconomic policy goals from the following list. A. D. 13. Which one of the following statements about inflation is true? 88% average accuracy. B. a small increase in prices. C. According to the Department of Labours new rates, domestic workers working in Area A (bigger metr; 4. The CPI pertains to the cost of living. AP Macroeconomics - Unit 2 Quiz DRAFT. It is always worth thinking about LINKS between the main parts of macroeconomics, as a change in one may well affect another. Your answer has been saved. Which of the following would not influence the rate of inflation? Yes, well done. That's correct. Inflation is an increase in the general level of prices. A. c. The productivity of American workers as a whole increased by more than 2 percent per year in the last decade. by bwatkins. B. Macroeconomics studies economics at large and helps in understanding the operations of the economy. The cost to taxpayers under this program is: (a) $2 million (c) $4.8 million normative economics (b) positive economics (c) microeconomics (d) macroeconomics (1) government expenditure is autonomous. c. The spending variance pertains solely to fixed costs. 2. Edit. Question. Save. What branch of economics is concerned with interest rates and the gross domestic product (GDP) of the U.S. economy? Chapter 8 Self-test questions. A.The gross profits of all Canadian businesses were $70 billion last year.B.The price of beef declined by 3 percent last year. The growth rate of the population was about 1.4%. A. A . C. too much money chasing too few goods. D) a and c are positive statements, b and d are normative statements. b. National income grew by 2.7 percent last year. d. 1. If the basket of goods that is used to calculate the CPI cost $75.00 in the base year, then that basket of goods cost $115.00 in 2004. Macroeconomics studies all of the following EXCEPT why a specific consumer made a specific choice. Log in for more information. Search for an answer or ask Weegy. Macroeconomics studies all of the following EXCEPT which one? C) The national productivity rate grew by 2.7 percent last year. Which of the following statements correctly reflects the s Find the equilibrium for the given supply and demand functions below. Question 39. Which of the following is not a type of intervening act? C) Only a is a positive statement, b, c and d are normative statements. All food and beverage products are normal goods. Answers >. (a) normative economics (c) microeconomics (b) positive economics (d) macroeconomics 10. Which of the following is true of the decision in Home Office v Dorset Yacht? 10th - 12th grade . Played 59 times. (a) The base year for prices is 2008. The quantity demanded of a product rises whenever (a) the products price falls. Please select an answer No, this is National income grew by 2.7 percent last year. Answer: A 4. Macroeconomics can best be described as the: (b) The rational consumer maximizes satisfaction subject to a budget constraint. The cost of production in the South African economy accelerated, due to rising prices of electricity; 5. Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force. An empirical investigation of the general price level and unemployment rates since 1990. p) = (1,2), (x,x) = (1,2), (pi, p) = (1,1), (x,x) = (2,2) i. Which of the following statements pertains to macroeconomics? A) Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force. a. day to day life in a sorority house. A) Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force. 59 times. 1.Price stability 2.Budget surplus 3.Economic growth 4.Equitable distribution of income. C. The CPI basket includes services. D. None of the above is correct. Which of the following statements is (are) true? Which of the following statements pertains to macroeconomics? Which of the following is a macroeconomic statement? ii. AP Macroeconomics - Unit 2 Quiz DRAFT. d. an in-group. Term. B. Demand-pull inflation may be illustrated by a rightward shift of the AD curve. 1 Answer/Comment. (a) Agricultural economics is an applied social science. Question 34 pertains to the following diagram. 1. Question #105247. B. Which of the following statements pertains to macroeconomics? Report an issue. Definition. A Which of the following is not a macroeconomic objective? 4. (1) a decrease in net exports will decrease the equilibrium level of income. A. Demand-pull inflation tends to be accompanied by an increase in the level of production and income. Workers at the Sleepy Eye grain elevator are paid $10 per hour. A normative economic statement is an economic ideology aimed at prescribing economic development. At the end of the first year, he's earned $10 in interest and there is $1,010 in the account. 34. b. an instrumental group. B. c. Growth is designed to increase market share, which in turn increases company profits. Which of the following is associated with macroeconomics? Which of the following statements is correct? Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force. Which of the following statements pertains to macroeconomics? Which of the following statements is (are) true for Farmer Smith? E. an increase in the purchasing power of money. (2) exports and imports are a function of the interest rate. a. s(x)=x^{2} d(x)=(x-5)^{2} The demand is Q=20-3P the supply is Q=P-4. bwatkins. 0. A normative macroeconomic statement or economic statement is one where there is value judgment. Business Economics Q&A Library a) The following information pertains to a consumption bundles (x, x2) and prices (P, P2) faced by a consumer in two time (b, t) periods. C.General Motors' profits increased in 2012. 1. B) A decline in the price of soybeans caused farmer Wanek to plant more land in wheat. Macroeconomics. Answer: B Diff: 2 Page Ref: 15/15 Topic: Normative and Positive Analysis Learning Outcome: Micro 1: Identify the basic principles of economics and explain how to think like an economist Which of the following pertains to macroeconomics U.S. GDP grew by 2.4% Which of the following is not a factor of production Money Economics may be best defined as the social science concerned w/ overcoming scarcity A positive statement is concerned w/ factual evidence and truths Normative statements are concerned w/ debatable societal opinions Microeconomics is useful in making decisions at the individual level. Which of the following statements are correct about the 45-degree line? \C. (3) a change in the tax rate has no impact on the size of the multiplier. Which of the following statements pertains to macroeconomics? Because the minimum wage was raised, Mrs. Olsen decided to enter the labor force. Updated 4/7/2016 6:53:53 AM. D. The Pumpkin Center State Bank increased its interest rate on cons percentage point. See the answer Which of the following statements pertains to macroeconomics? Aggregate demand curves slope downwards for each of the following reasons except: A.foreign price effect B.the wealth effect C.the interest rate effect D.the substitution effect. Question #94286. which one of the following statement is correct. A) major topics of macroeconomics. Indicate whether each of the following statements pertains to microeconomics or macroeconomics: a. IN 2010 Indian's per capita GDP was estimated to be $3,400. The relevance of the two economic categories is found in how they makeup the whole of any economy. d. The total overhead variance pertains to both variable and fixed costs. Chapter 01 - Limits, Alternatives, and Choices 72. D. E. The prices in the CPI basket exclude value-added tax. C. National income grew by 2.7 percent last year. B) A decline in the price of soybeans caused farmer Wanek to plant more land in wheat. f. c) Prices rising due to an over rapid growth in the money supply. 0. Capital. 10 Macroeconomics deals with: a. The behavior of firms. b. Economic aggregates. c. The activities of individual units. d. The behavior of the electronics industry. 11 Microeconomics is not concerned with the behavior of: a. Aggregate demand. b. Consumers. c. Industries. d. Firms. 12 The study of inflation is part of: a. Which of the following statements pertains to macroeconomics? A. What branch of economics is concerned with interest rates and the gross domestic product (GDP) of the U.S. economy? A decline in the price of soybeans caused farmer Wanek to plant more wheat. This means that the growth rate of real GDP per capita was about 6.9%. A negative relationship ; 3. A decline in the price of soybeans caused farmer Wanek to plant more land in wheat. Which of the following statements describes the thin skull rule? Two of the major macroeconomic measures that tell us how 'healthy' the economy is are "the unemployment rate" and "the rate of inflation". How do these matter to individuals who are part of this ec Which of the following statements about overhead variances is false? Macroeconomics. (2) an increase in the tax rate will increase the size of the multiplier. Because the minimum wa Mrs. Olsen decided to ent B. Calculate the Paasche and Laspeyres price and quantity indices. Price rising due to an excessive growth in aggregate spending. (pl. (a) normative economics (c) microeconomics (b) positive economics (d) macroeconomics. Which of the following cases is the odd one out? 90. National income grew by 2.7 percent last year.4. B. Microeconomics involves the study of how households and firms make choices. (d) None of the above (that is, all statements are true). 2. The Pumpkin Center State Bank increased its interest rate on consumer loans by 1percentage point. C) The national productivity rate grew by 2.7 percent last year. Standard hours allowed are used in calculating the volume variance. A. Macroeconomics does not involve the analysis of economic policy. Standard hours allowed are used in calculating the spending variance. Asked 11/20/2013 8:34:02 PM. (b) incomes increase. D) peculiar to command economies. Which one of the following statements is incorrect? D. All economic situations can be categorized as being microeconomics or macroeconomics. Q. Stanley deposits $1,000 into a savings account that pays 1% interest per year. b) Price rising due to an increase in the price of a firm's inputs. 10th - 12th grade. The unemployment rate in the United States was 8.9 percent in 2011. b. If the account has simple interest, the 1% interest for year two would be based off ____________. D.The productivity of steelworkers increased by 1 percent in 2012. false? D. The PPI basket includes intermediate goods. For this economy, the base year must be 2004. Normative Statement. Considering oneself as part of people like us is an example of being part of _____. (d) the prices of substitute goods rise 17 The demand curve is downward-sloping because at a higher price for a good a. an out-group. Question 19. The estimated growth in real GDP was 8.3%. 2020-03-11T18:35:49-04:00. The pursuit of growth represents the best way of maximizing the long-run profitability of the company. 30 seconds. This economy's rate of inflation for 2006 is 10.12 percent. (c) Regardless of the commodity, the farmer always receives 20 cents of the dollar spent in food. Which of the following statements is (are) true? d) Prices falling over a period of time. Question 2 3. This problem has been solved! SURVEY. A. b. A decline in the price of soybeans caused farmer Wanek to plant m C. National income grew by 2.7 percent last year. a month ago. Macroeconomics studies all of the following EXCEPT why a specific consumer made a specific choice. Award: 1.00 point Which of the following statements pertains to macroeconomics? c. a reference group. Choose one answer. The PPI pertains to the cost of production. B If GDP is less than GDE ( gross domestic expenditure) , then. Macroeconomics. Economics >. 3.

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