Which of the Following Is Generally Considered to Be a Microeconomic

question 11

Multiple Choice

Which of the following is generally considered to be a microeconomic question?

• A)The relationship between the money supply and nominal GDP
• B)The responsiveness of aggregate demand to change in government expenditure.
• C)The relationship between productivity of workers and wages received by them
• D)The relationship between inflation and unemployment

---

Definitions:

Mass Production

A manufacturing technique that involves producing large quantities of standardized products, often on assembly lines.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on policies and systems to maximize employee performance.

Mainstream Economics

The body of economic thought and theories that are widely accepted and taught across major universities and employed in policy-making by most governments.

Supply Of Labor

The total hours that workers or laborers are willing and able to work at given wage rates in a specified time period.