Macroeconomic Topics Do Not Generally Include

question 51

Multiple Choice

Macroeconomic topics do not generally include:

• A)​inflation.
• B)​aggregate demand.
• C)​government spending and taxation.
• D)​the production decisions of individual firms.

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Definitions:

Variable Costs

Expenditures that adjust according to the quantity of goods or services produced by an enterprise.

Fixed Costs

Regular outgoings that stay the same whether production or sales rates increase or decrease, for instance, rental costs or salary payments.

Net Income

This refers to the total profit of a company after all expenses and taxes have been deducted from total revenue.

Variable Cost

Costs that vary in proportion to the volume of goods or services produced, such as materials and labor.