Which of the Following Is a Topic Studied in Macroeconomics

question 68

Multiple Choice

Which of the following is a topic studied in macroeconomics?

• A)The impact of labour unions on wages.
• B)The pricing decisions in the computer hardware industry.
• C)The effect on economic growth if the government raises taxes.
• D)The impact of higher prices for petrol on the number of SUVs people buy.
• E)How the wheat industry determines how much wheat to grow.

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Definitions:

Common People

Refers to the average individuals in a society who are not part of the nobility, wealthy, or ruling classes, often working in agriculture or manual labor sectors.

Montesquieu

A French political philosopher of the Enlightenment era, best known for his theory of separation of powers.

Voltaire

Voltaire, the pen name of François-Marie Arouet, was a French Enlightenment writer, historian, and philosopher known for his advocacy of freedom of speech, separation of church and state, and civil liberties.