Which Headline Would Be Most Closely Related to What Macroeconomists

question 166

Multiple Choice

Which headline would be most closely related to what macroeconomists study?

• A) The inflation rate rises from 5 percent to 5.5 percent.
• B) The price of gold grows by 3.1 percent in the third quarter.
• C) The number of tourists visiting Canadian national parks has declined.
• D) The price of oranges rises after an early frost.

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Definitions:

Conspicuous Consumption

The act of buying and using products to make a statement about social status rather than to meet the basic needs.

Closed System

A social system in which status is based on attributes ascribed at birth.

Ascribed Status

Attributes (advantages and disadvantages) assigned at birth (e.g., sex).

Intelligence Quotient

A measure of a person's intellectual abilities in relation to their age group, typically assessed by standardized tests.