Chapter23MeasuringaNation'sIncomeMULTIPLECHOICE1
Macroeconomistsstudya
thedecisionsofindividualhouseholdsandfirms
theinteractionbetweenhouseholdsandfirms
economy-widephenomena
regulationsimposedonfirmsandunions
ANS:CDIF:1REF:10-0NAT:AnalyticLOC:ThestudyofeconomicsanddefinitionsineconomicsTOP:MacroeconomicsMSC:Definitional2
Whichofthefollowingnewspaperheadlinesismorecloselyrelatedtowhatmicroeconomistsstudythantowhatmacroeconomistsstudy
Unemploymentraterisesfrom5percentto5
5percent
RealGDPgrowsby3
1percentinthethirdquarter
Retailsalesatstoresshowlargegains
Thepriceoforangesrisesafteranearlyfrost
ANS:DDIF:2REF:10-0NAT:AnalyticLOC:ThestudyofeconomicsanddefinitionsineconomicsTOP:MacroeconomicsMSC:Interpretive3
Whichofthefollowingquestionsismorelikelytobestudiedbyamicroeconomi