Which Question Is an Illustration of a Macroeconomic Question

question 9

Multiple Choice

Which question is an illustration of a macroeconomic question?

• A) Is a business unresponsive to the demands of consumers?
• B) Is a consumer boycott an effective means of reducing product prices?
• C) Is the level of employment in the economy sensitive to the level of consumer spending?
• D) Are oil companies engaging in a rip-off of consumers by charging exorbitantly high prices for gasoline?

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Definitions:

Liabilities

Liabilities represent debts or financial obligations that a company owes to others, which must be settled over time through the transfer of economic benefits.

Equity

The residual interest in the assets of an entity after deducting liabilities, representing ownership interest in a company.

Expenses

Financial outlays that are necessary for the operations of a business, which can include both fixed and variable costs.

Supplies

Items that are used in the operation of a business but do not directly enter into the finished product.