Which of the Following Is Not a Question That Macroeconomists

question 404

Multiple Choice

Which of the following is not a question that macroeconomists address?

• A)Why is average income high in some countries while it is low in others?
• B)Why does the price of oil rise when war erupts in the Middle East?
• C)Why do production and employment expand in some years and contract in others?
• D)Why do prices rise rapidly in some periods of time while they are more stable in other periods?

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Definitions:

Abiding by Rules

The act of following established guidelines, regulations, or laws within a given context or environment.

Divergent Thinking

A cognitive approach or technique designed to produce inventive concepts through the examination of numerous potential answers.

Programmed Decision

involves using established procedures or rules to address recurring problems or situations, facilitating consistency and efficiency in decision-making.

Escalation of Commitment

The phenomenon where people continue to invest in a decision or project despite evidence of its failure, often due to pride or fear of loss.