Which of the Following Would Be a Macroeconomic Question

question 8

Multiple Choice

Which of the following would be a macroeconomic question?

• A) How have the retirement benefits in the auto industry changed over time?
• B) How has inflation increased over time?
• C) How has the price of gold increased over time?
• D) How has the number of commercial airline flights decreased over time?

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Definitions:

Fiscal Policy

Government policies related to taxation and spending to influence the economy.

Money Supply

The entire pool of financial assets in an economy, taking into account cash, coins, and all balances in checking and savings accounts, at a certain timeframe.

Recessionary Gap

A situation in economics where aggregate output is below potential output, leading to unemployment and underused resources.

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.