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:

Stereotypes

Overgeneralized beliefs about a particular category of people, which can influence perceptions and behavior in a biased way.

Prejudice

Preconceived opinion or judgment without adequate information or experience, often leading to biased attitudes towards individuals or groups.

Stigma

A mark of disgrace associated with a particular circumstance, quality, or person that can lead to discrimination or social rejection.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the desire to do a task well.