An increase in government spending will increase the aggregate demand for goods and services in the economy.Ĭ. Unemployment rises during a recession and falls during an expansion.ī. a decrease in the unemployment rate Which of the following statements most likely lies within the realm of microeconomics?Ī. an increase in the wage rate paid to automobile workersĭ. a decrease in the production of DVD players by a consumer electronics companyĬ. an increase in the price of a hamburgerī. Which of the following is most likely a topic of discussion in macroeconomics?Ī. microeconomics concentrates on the behaviour of individual consumers and firms while macroeconomics focuses on the performance of the entire economy. microeconomics explores the causes of inflation while macroeconomics focuses on the causes of unemployment. microeconomics concentrates on the behaviour of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.ĭ. microeconomics concentrates on the behaviour of individual consumers while macroeconomics focuses on the behaviour of firms.Ĭ. microeconomics concentrates on individual markets while macroeconomics focuses primarily on international trade.ī. low inflation The basic difference between macroeconomics and microeconomics is:Ī. government When nations desire a healthy macroeconomy, they typically focus on three goals, one of these being: government spending The two main tools of macroeconomic policy include monetary policy, and fiscal policy, which involves _ spending.ĭ. Which of the following best describes a fiscal policy tool?ĭ.
goods and services market Which of the following best describes a monetary policy tool?ĭ. labor market In the _, households receive goods and services and pay firms for them.ĭ.
Gregory Mankiw.In the _, households work and receive payment from firms.ĭ. My goal is to emphasize the material that students should and do find interesting about the study of the economy.” – N. “I have tried to put myself in the position of someone seeing economics for the first time. In the 4th edition Greg Mankiw has created a full educational program for students and instructors - Experience Mankiw 4th edition. The 4th edition also features an expanded instructor’s resource package designed to assist instructors in course planning and classroom presentation and full integration of content with Aplia, the leading online Economics education program. PRINCIPLES OF MICROECONOMICS, 4th Edition features a strong revision of content in all 22 chapters while maintaining the clear and accessible writing style that is the hallmark of the highly respected author. Mankiw’s Principles of Economics textbooks continue to be the most popular and widely used text in the economics classroom.
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