Which of the Following Would a Macroeconomist NOT Study

question 122

Multiple Choice

Which of the following would a macroeconomist NOT study?

• A)impact of minimum-wage laws on employment in the fast food industry
• B)effect of changes in saving rates on GDP
• C)impact of monetary policy on the rate of inflation
• D)effect of tax policy on the rate of economic growth

---

Definitions:

Opportunity Cost

The worth of the best alternative that is given up to make a decision.

Calculations

The process of determining the result of mathematical or logical operations or expressions.

PowerPoint Slides

PowerPoint slides are digital presentations created using Microsoft PowerPoint software, used for educational, business, or informational purposes to visually communicate ideas or data.

Bowed Outward

Describes a production possibilities frontier that curves away from the origin, indicating increasing opportunity costs for producing goods.