What Would Be Considered a Topic of Study in Macroeconomics

question 68

Multiple Choice

What would be considered a topic of study in macroeconomics?

• A) the effect on the quantity of NHL tickets sold due to an increase in prices
• B) the effect on Canadian steel producers due to an import quota imposed on foreign steel
• C) the effect of an increase in immigration on the unemployment and employment rates
• D) the effect of an increase in the price of flour on bakeries throughout Canada

---

Definitions:

Inflation

A general increase in prices and fall in the purchasing value of money over a period of time.

Salesperson

An individual who sells goods or services to customers, often responsible for negotiating prices, offering product insights, and closing sales.

Retired Couple

Two individuals in a partnership who have stopped working permanently, often relying on savings, pension, or government benefits for income.

Fixed-Wage Contract

An employment agreement where the salary does not change regardless of economic conditions or performance levels.