Which of the Following Would NOT Be Considered a Macroeconomic

question 59

Multiple Choice

Which of the following would NOT be considered a macroeconomic topic?

• A) the reasons for a decline in the price of crude oil
• B) the cause of a downturn in the economy
• C) the effect of the government budget deficit on inflation
• D) the causes of inflation and unemployment

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Definitions:

Pastoral Societies

Are those in which people domesticate cattle, camels, pigs, goats, sheep, horses, and reindeer. Such societies first emerged about 10,000 years ago. Domesticating animals increases the food supply and makes it more dependable. This increases average settlement size and permanence, the division of labor, productivity, and inequality above the levels typical of foraging societies.

Domesticate

To adapt plants or animals from the wild for human use, modifying them for coexistence with humans.

Industrial Revolution

A period of significant industrial growth and technological innovation that began in the late 18th century, leading to major changes in manufacturing, mining, and transport.

Industrial Societies

Societies characterized by a reliance on mechanized labor to create goods, leading to increased urbanization and changes in social structures.