Which of the Following Headlines Would Be More Closely Related

question 223

Multiple Choice

Which of the following headlines would be more closely related to what macroeconomists study than what microeconomists study?

• A)Avocado prices rise due to a late frost in California.
• B)The United Auto Workers sign a contract raising wages and benefits 7% over the next 3 years.
• C)Real GDP grows by 2.3% in the second quarter.
• D)Airlines raise ticket prices in response to rising fuel costs.

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Definitions:

Duplication

The act or process of making an exact copy of something, or repetition of an effort, which can lead to inefficiency or waste in some contexts.

Observable

Something that can be seen, noticed, or measured directly.

Easily Measured

Capable of being quantified or assessed with simplicity and accuracy, often through direct observation or instrumentation.

Chamber of Commerce

An organization of businesses aiming to promote and protect the interests of its members within a community.