Macroeconomics Is Concerned with Issues Such as

question 209

Multiple Choice

Macroeconomics is concerned with issues such as

• A) which orange juice to buy.
• B) unemployment.
• C) which job to take.
• D) what price to charge for goods.

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Definitions:

Impulsive

Characterized by actions taken without forethought or consideration of the consequences; spontaneous behavior.

Conservative

A political and social ideology that emphasizes the value of traditional institutions and practices, resistance to rapid change, and cautiousness in political and social reform.

Liberal

Pertaining to a political and social philosophy that emphasizes individual rights, freedom of expression, and a preference for governmental intervention in social and economic matters.

Openness

A personality trait characterized by an appreciation for art, emotion, adventure, and unusual ideas; imaginative and curious.