Which of the Following Does Macroeconomics Endeavor to Answer

question 1

Multiple Choice

Which of the following does macroeconomics endeavor to answer?
i. What role does the government play in recessions and booms and in determining the rate of inflation?
ii. What caused the currency crises in Mexico in the mid-1990s and in many Asian economies at the end of the 1990s?
iii. How does a dairy farmer react to rising milk prices?

• A) iii only
• B) ii only
• C) i and ii
• D) i, ii, and iii
• E) i and iii

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Definitions:

Chevron

An American multinational energy corporation involved in every aspect of oil, natural gas, and geothermal energy industries.

BPI

Business Process Improvement, a management exercise in which a company measures its current processes and identifies ways to improve them in order to enhance performance and efficiency.

BPR

Business Process Reengineering, a management strategy focusing on the analysis and redesign of workflows and processes within an organization.

BPM

Business Process Management, a systematic approach to improving an organization's processes and workflows for greater efficiency, effectiveness, and adaptability.