Which of the Following Is Considered a Macroeconomic Topic

question 101

Multiple Choice

Which of the following is considered a macroeconomic topic?

• A) iTunes raises the price of all its music.
• B) iTunes raises the price of its pop artists' music only.
• C) Jay-Z decides to sell his Brooklyn Nets minority ownership.
• D) The labor force participation rate in the US fell by 1 percent in 2010.

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Definitions:

Thermodynamics

A branch of physics that deals with the relationships between heat and other forms of energy, and how these affect matter.

Conservation

The practice of protecting natural resources and the environment through preservation, management, and restoration efforts to prevent degradation.

Crude Oil

A natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.

Distillation

A process of separating components from a liquid mixture by selective boiling and condensation, commonly used in the purification of water, alcohol, and chemicals.