Which of the Following Is Not a Macroeconomic Statement

question 16

Multiple Choice

Which of the following is not a macroeconomic statement?

• A)The unemployment rate for the United States rose to 5 percent in the last quarter.
• B)The Federal Reserve lowered interest rates at its last meeting.
• C)Congress increased the minimum wage rate in January.
• D)Jenny's wage rate rose,and in response,she decided to work more hours.

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Definitions:

Behavioral Economists

Economists who study the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, which can be influenced by culture, attitudes, emotions, and genetics.

Behavioral Economics

A field of economics that studies how psychological, emotional, cognitive, and social factors affect economic decisions.

Stock Shares

Units of ownership interest in a corporation or financial asset, representing a portion of the company's equity.