Which of the Following Is a Microeconomic Statement

question 70

Multiple Choice

Which of the following is a microeconomic statement?

• A) Tariff barriers hurt all Canadians.
• B) Inflation will remain low for the next two years.
• C) Inflation and unemployment will remain low for the next two years.
• D) Increased gasoline prices have raised taxi fares by 10%.
• E) National output remained constant last year.

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Definitions:

S&P Category

A classification system used by Standard & Poor's to categorize and evaluate stocks or other securities based on their sector or characteristics.

CCC/C

A credit rating symbol used by rating agencies to denote a high risk of default; regarding bonds or loans, it signifies very poor credit quality.

Default Rate

The percentage of borrowers who fail to make payments on their debts or loans as agreed, leading to a default status.

Moody's "Aaa"

The highest credit rating given by Moody's Investors Service, denoting the lowest risk of default for bonds and other fixed-income securities.