Which of the Following Would Likely Be Studied by a Macroeconomist

question 136

Multiple Choice

Which of the following would likely be studied by a macroeconomist rather than a microeconomist?

• A)the effect of an increase in the alcohol tax on the market for beer
• B)the effect of foreign competition on the domestic auto industry
• C)the effect of a price war in the airline industry
• D)the effect of an increase in the minimum wage on an economy's overall rate of unemployment

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Definitions:

Age Distribution

The frequency of different ages or age groups in a given population.

Estimate

A value calculated from sample data that is used to indicate the value of a population parameter.

Proportion

A statistical measure that represents the fraction of the total number of objects in a particular category relative to the total number of objects in all categories.

Observational Study

A type of study where researchers observe subjects in their natural environment without manipulating variables.