Microeconomics Is Concerned with the Study of

question 182

Multiple Choice

Microeconomics is concerned with the study of

• A) the effects of inflation.
• B) the effects of government spending.
• C) the effects on individual producers of higher wages paid to workers.
• D) aggregates.

---

Definitions:

Future Value

An asset or cash's future worth that is equal to a designated sum in the present day.

Savings Plan

A strategic approach to setting aside a portion of one's income for future use or emergencies.

Compounded Monthly

Interest on an investment or loan is calculated and added to the principal amount on a monthly basis.

RRSP

Registered Retirement Savings Plan, a Canadian investment vehicle for individuals to save for retirement on a tax-sheltered basis.