A. imperfectly competitive markets:
B. Only the long run adjustments to equilibrium in the economy
C. The functioning of individual industries and the behavior of individual decision-making units business firms and households
D. the economy as a whole
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Related Mcqs:
- The branch of economics ‘Microeconomics’ deals with______________?
- A. small units, including individual companies and small group of consumers B. Economics of homes C. Economics of stock market D. Economics of provinces...
- Macroeconomics deals with?
- A. the behavior of the electronics industry B. the behavior of firms C. economics aggregates D. the activities of individual units...
- Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
- A. Free market economy B. Laissez faire also Laisser faire C. Open market economy D. Liberal market economy...
- The key issues of macroeconomics are ?
- A. unemployment B. inflation C. economic growth D. All of the above...
- Macroeconomics is the study of ?
- A. individual building blocks in the economy B. the relationship between different sectors on the economy C. household purchase decisions D. the economy as a whole...
- The regarding the new classical macroeconomics is hoe realistic is the assumption ?
- A. that monetary policy affects aggregates demand B. that markets do not clear quickly C. that fiscal policy affects aggregate demand D. of rational expectations....
- In macroeconomics, equilibrium is defined as that point at which ?
- A. aggregate output equals consumption minus investment B. saving equals consumption C. Planned aggregate expenditure equals aggregate output D. planned aggregate expenditure equals consumption...
- Which of the following statements about microeconomics and macroeconomics is not true ?
- A. The study of very large industries is a topic within macroeconomics B. Macroeconomics is concerned with economy-wide phenomena C. Microeconomics is a building block for macroeconomics D. Microeconomics and macroeconomics cannot be entirely separated...
- The classical model of macroeconomics assumes ?
- A. wages and prices are sticky B. wages and prices are flexible C. the economy may operate below full capacity D. the economy is always at full capacity E. A and C F. B and D...
- In a planned or command economy, all the economics decisions are taken by the ?
- A. Consumers B. voters C. government D. Workers...
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