Which of the Following Is a Macroeconomic Question

question 26

Multiple Choice

Which of the following is a macroeconomic question?

• A) Will a constitutional amendment to balance the federal budget lead to good economic policy?
• B) Should a firm decide to enter a particular market?
• C) Should the government prevent the merger of two large firms?
• D) All of the above are macroeconomic questions.

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Definitions:

Supply Price

The price of a given quantity at which producers will supply that quantity.

Quota Limit

The total amount of a good under a quota or quantity control that can be legally transacted.

Demand Price

The price at which consumers are willing to buy a specific quantity of a good or service.

Market Price

The present cost for purchasing or selling an asset or service.