A Macroeconomist - as Opposed to a Microeconomist - Might

question 21

Multiple Choice

A macroeconomist - as opposed to a microeconomist - might study the effect of

• A)changes in the money supply on the inflation rate.
• B)an increase in the gas tax on fuel consumption.
• C)a technological advance on the natural gas industry.
• D)a hurricane on prices in the orange industry.

---

Definitions:

Restrictive Endorsement

A limitation placed on a check specifying the conditions under which it can be paid or transferred, often used for security purposes.

Pay To The Order

A phrase written on a financial instrument such as a check, indicating the person or entity to which the money is directed.

Bank

A financial institution licensed to receive deposits and make loans, and may offer various other financial services.

Negotiable

Capable of being discussed and terms arranged; a check is a negotiable instrument drawn against deposited funds to pay a specified amount to a person or business upon demand.